CLEAR Secure, Inc. (NYSE:YOU) Short Interest Update

CLEAR Secure, Inc. (NYSE:YOU) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 10,536,499 shares, a drop of 19.8% from the February 12th total of 13,133,553 shares. Approximately 13.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is currently 3.6 days. Approximately 13.1% of the company’s stock are sold short.

Insider Transactions at CLEAR Secure

In related news, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction that occurred 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 approximately $273,359.18. This trade represents a 80.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lynn Haaland sold 11,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total value of $524,876.16. Following the completion of the sale, the insider owned 7,375 shares in the company, valued at $349,870. The trade was a 60.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,488 shares of company stock worth $5,069,078 in the last 90 days. 39.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Geneos Wealth Management Inc. raised its position in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after buying an additional 619 shares during the period. Allworth Financial LP grew its stake in CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in CLEAR Secure in the 3rd quarter valued at about $50,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Performance

NYSE:YOU traded up $2.10 during mid-day trading on Monday, hitting $46.73. The stock had a trading volume of 1,023,469 shares, compared to its average volume of 2,128,370. CLEAR Secure has a twelve month low of $23.00 and a twelve month high of $50.46. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 41.72 and a beta of 1.12. The company’s 50 day simple moving average is $37.44 and its 200 day simple moving average is $35.69.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $240.75 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, equities analysts forecast that CLEAR Secure will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.20 dividend. This represents a yield of 131.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is 53.57%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. DA Davidson increased their price objective on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC raised their price objective on CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.57.

About CLEAR Secure

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.