CLEAR Secure (NYSE:YOU) CAO Dennis Liu Sells 3,507 Shares of Company Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 3,507 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total transaction of $209,017.20. Following the transaction, the chief accounting officer owned 12,363 shares in the company, valued at approximately $736,834.80. This trade represents a 22.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Performance

Shares of CLEAR Secure stock traded down $0.84 during midday trading on Friday, reaching $55.66. 1,368,094 shares of the company’s stock traded hands, compared to its average volume of 1,256,617. CLEAR Secure, Inc. has a 52 week low of $30.98 and a 52 week high of $69.07. The company’s 50 day simple moving average is $43.86 and its 200 day simple moving average is $47.95. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 32.74 and a beta of 0.99.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. The company had revenue of $292.85 million for the quarter, compared to analyst estimates of $286.65 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, equities research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 10th. CLEAR Secure’s dividend payout ratio is currently 35.29%.

Trending Headlines about CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently bought and sold shares of YOU. Congress Asset Management Co. acquired a new stake in CLEAR Secure in the 3rd quarter worth $78,843,000. Ashford Capital Management Inc. raised its position in shares of CLEAR Secure by 97.5% during the first quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock valued at $25,816,000 after buying an additional 263,218 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of CLEAR Secure during the second quarter valued at about $82,542,000. Gibbs Wealth Management bought a new stake in shares of CLEAR Secure in the third quarter valued at about $730,000. Finally, Sei Investments Co. lifted its stake in shares of CLEAR Secure by 32.9% in the first quarter. Sei Investments Co. now owns 349,368 shares of the company’s stock valued at $16,913,000 after buying an additional 86,430 shares during the period. Institutional investors own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

YOU has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 target price on shares of CLEAR Secure in a report on Wednesday. Wells Fargo & Company raised their price target on CLEAR Secure from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday. Wall Street Zen downgraded CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. JPMorgan Chase & Co. lifted their price objective on CLEAR Secure from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.86.

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.