CLEAR Secure (NYSE:YOU) Shares Gap Up – Here’s What Happened

CLEAR Secure, Inc. (NYSE:YOU) gapped up prior to trading on Tuesday . The stock had previously closed at $32.57, but opened at $35.70. CLEAR Secure shares last traded at $35.31, with a volume of 673,672 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on YOU shares. Stifel Nicolaus set a $38.00 price objective on shares of CLEAR Secure in a research note on Thursday, November 6th. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group lifted their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price target on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.33.

CLEAR Secure Trading Up 11.3%

The company has a market cap of $4.83 billion, a P/E ratio of 22.16 and a beta of 1.21. The company’s fifty day moving average is $33.12 and its 200 day moving average is $31.67.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $36.04, for a total value of $216,240.00. Following the sale, the director directly owned 187,634 shares of the company’s stock, valued at $6,762,329.36. This represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.73% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after purchasing an additional 330 shares during the period. Personal CFO Solutions LLC grew its position in shares of CLEAR Secure by 3.3% during the second quarter. Personal CFO Solutions LLC now owns 10,362 shares of the company’s stock valued at $288,000 after purchasing an additional 332 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of CLEAR Secure by 5.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,364 shares of the company’s stock worth $246,000 after acquiring an additional 351 shares in the last quarter. Savant Capital LLC raised its position in shares of CLEAR Secure by 1.1% during the 2nd quarter. Savant Capital LLC now owns 34,508 shares of the company’s stock valued at $958,000 after buying an additional 370 shares in the last quarter. Finally, Oak Associates Ltd. OH increased its position in shares of CLEAR Secure by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 66,706 shares of the company’s stock valued at $1,852,000 after purchasing an additional 428 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

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.