CLEAR Secure, Inc. (NYSE:YOU) Receives Consensus Rating of “Hold” from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.29.

YOU has been the subject of a number of recent analyst reports. DA Davidson dropped their price target on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, September 11th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. JPMorgan Chase & Co. began coverage on CLEAR Secure in a research note on Monday, August 24th. They issued an “overweight” rating and a $55.00 target price for the company. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 4th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th.

Insider Activity at CLEAR Secure

In related news, EVP Kyle McLaughlin sold 4,499 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at $1,312,709.93. The trade was a 13.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the transaction, the president owned 11,550 shares in the company, valued at $519,750. The trade was a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,047 shares of company stock valued at $808,615 over the last quarter. Corporate insiders own 29.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in CLEAR Secure by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock worth $478,000 after buying an additional 351 shares during the period. Arizona State Retirement System grew its stake in CLEAR Secure by 2.0% in the second quarter. Arizona State Retirement System now owns 23,206 shares of the company’s stock valued at $1,293,000 after acquiring an additional 444 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of CLEAR Secure by 3.6% in the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after acquiring an additional 447 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of CLEAR Secure by 6.9% during the first quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock worth $366,000 after purchasing an additional 489 shares during the period. Finally, Aspen Investment Management Inc raised its position in shares of CLEAR Secure by 5.2% during the first quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after purchasing an additional 500 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Down 0.5%

Shares of YOU stock opened at $41.54 on Monday. The company has a market capitalization of $5.62 billion, a P/E ratio of 28.26 and a beta of 1.01. CLEAR Secure has a 12-month low of $29.43 and a 12-month high of $69.07. The firm has a 50-day moving average price of $45.31 and a 200 day moving average price of $50.98.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company’s revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. As a group, research analysts expect that CLEAR Secure will post 1.88 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 10th. CLEAR Secure’s dividend payout ratio is 40.82%.

About CLEAR Secure

CLEAR Secure, Inc (NYSE: YOU) operates a secure identity platform designed to help people verify who they are and move through airports, venues and other locations more efficiently. Its technology uses biometric authentication, including facial and fingerprint recognition, alongside identity verification to provide secure, convenient access.

The company’s primary consumer offering is CLEAR+, a membership service that allows enrolled members to use dedicated lanes at participating airports for identity verification before proceeding to security screening.