CLEAR Secure (NYSE:YOU) CAO Sells $209,017.20 in Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 3,507 shares of CLEAR Secure stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $59.60, for a total value of $209,017.20. Following the sale, the chief accounting officer owned 12,363 shares in the company, valued at $736,834.80. This represents a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Down 0.3%

Shares of YOU stock opened at $55.66 on Monday. The business’s fifty day moving average is $43.86 and its 200 day moving average is $47.95. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 32.74 and a beta of 0.99. CLEAR Secure, Inc. has a twelve month low of $30.98 and a twelve month high of $69.07.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The business had revenue of $292.85 million during the quarter, compared to analyst estimates of $286.65 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities research analysts expect that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 35.29%.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of YOU. Allworth Financial LP raised its position in CLEAR Secure by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,559 shares of the company’s stock worth $65,000 after buying an additional 330 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of CLEAR Secure by 10.6% during the 3rd quarter. Fifth Third Bancorp now owns 163,743 shares of the company’s stock valued at $6,869,000 after acquiring an additional 15,732 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of CLEAR Secure by 59.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 21,281 shares of the company’s stock valued at $893,000 after acquiring an additional 7,908 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of CLEAR Secure during the 3rd quarter valued at about $36,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of CLEAR Secure in the third quarter worth approximately $588,000. 73.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on YOU. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Needham & Company LLC raised their target price on shares of CLEAR Secure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of CLEAR Secure from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Wall Street Zen cut CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.86.

More CLEAR Secure News

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a secure identity platform that uses biometric and other identity-verification technologies to help people confirm who they are. Its services are designed to make access to locations and digital services more convenient while helping organizations verify identities.

The company is best known for CLEAR Plus, a membership service that lets enrolled travelers use dedicated lanes to verify their identity at participating airport security checkpoints. CLEAR also provides identity-verification services for organizations, including through its CLEAR1 platform, and offers services at participating sports and entertainment venues.

CLEAR’s roots date to the early 2010s, when the company relaunched the CLEAR airport identity service.