CLEAR Secure (NYSE:YOU) Price Target Raised to $29.00

CLEAR Secure (NYSE:YOU) had its price objective increased by Wells Fargo & Company from $25.00 to $29.00 in a report published on Friday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts also recently issued reports on YOU. Weiss Ratings restated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Wednesday, October 8th. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Stifel Nicolaus set a $38.00 price target on CLEAR Secure in a research note on Thursday. DA Davidson began coverage on CLEAR Secure in a research report on Tuesday, September 16th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four 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.com, the company has a consensus rating of “Hold” and an average target price of $39.33.

CLEAR Secure Trading Up 0.6%

Shares of CLEAR Secure stock opened at $36.30 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 21.91 and a beta of 1.23. CLEAR Secure has a 1-year low of $21.67 and a 1-year high of $39.00. The firm’s 50-day moving average price is $33.71 and its two-hundred day moving average price is $30.16.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The firm had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. CLEAR Secure has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that CLEAR Secure will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. CLEAR Secure’s payout ratio is 30.49%.

Insider Activity

In related news, Director Adam Wiener sold 8,000 shares of CLEAR Secure stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total transaction of $264,160.00. Following the completion of the transaction, the director owned 193,634 shares of the company’s stock, valued at $6,393,794.68. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dennis W. Liu sold 2,027 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $36.00, for a total value of $72,972.00. Following the sale, the chief accounting officer owned 11,896 shares in the company, valued at approximately $428,256. The trade was a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 36,027 shares of company stock valued at $1,250,703. 39.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Durable Capital Partners LP boosted its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after acquiring an additional 4,531,161 shares during the last quarter. Nuveen LLC purchased a new position in CLEAR Secure in the 1st quarter worth approximately $30,862,000. Squarepoint Ops LLC raised its holdings in CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after buying an additional 909,152 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of CLEAR Secure by 36.3% during the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after purchasing an additional 805,795 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of CLEAR Secure in the 2nd quarter worth approximately $17,363,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.