CLEAR Secure (NYSE:YOU) Sets New 12-Month High After Analyst Upgrade

CLEAR Secure, Inc. (NYSE:YOU) shares reached a new 52-week high during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $56.54 and last traded at $56.52, with a volume of 1114177 shares trading hands. The stock had previously closed at $53.03.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group set a $61.00 price objective on CLEAR Secure and gave the company a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. DA Davidson boosted their price objective on CLEAR Secure from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Telsey Advisory Group boosted their price target on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.14.

Insider Buying and Selling

In related news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total value of $1,103,514.70. Following the sale, the president owned 5,669 shares of the company’s stock, valued at $273,359.18. The trade was a 80.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adam Wiener sold 15,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $50.00, for a total value of $750,000.00. Following the completion of the sale, the director directly owned 132,634 shares in the company, valued at approximately $6,631,700. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,488 shares of company stock worth $4,579,078 in the last quarter. Corporate insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in CLEAR Secure in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its stake in CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares in the last quarter. Allworth Financial LP boosted its stake in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in CLEAR Secure by 92.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock worth $39,000 after purchasing an additional 532 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Price Performance

The company has a market cap of $7.57 billion, a price-to-earnings ratio of 50.71 and a beta of 1.10. The business has a 50 day simple moving average of $46.16 and a 200 day simple moving average of $38.43.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million for the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, sell-side analysts anticipate that CLEAR Secure, Inc. will post 1.61 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure’s payout ratio is currently 53.57%.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman?Becker and Ken Cornick, CLEAR is headquartered in New York City.