CLEAR Secure (NYSE:YOU) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of CLEAR Secure (NYSE:YOU) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $55.00 price target on the stock.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Needham & Company LLC upped their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of CLEAR Secure from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Wells Fargo & Company raised their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.71.

CLEAR Secure Trading Up 0.2%

CLEAR Secure stock opened at $44.36 on Monday. The business’s fifty day simple moving average is $52.06 and its two-hundred day simple moving average is $50.71. CLEAR Secure has a 12 month low of $29.43 and a 12 month high of $69.07. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 30.18 and a beta of 1.06.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts predict that CLEAR Secure will post 1.71 EPS for the current year.

CLEAR Secure Announces Dividend

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

Insider Activity

In other news, EVP Kyle Mclaughlin sold 8,000 shares of CLEAR Secure stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. The trade was a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure during the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $30,000 after acquiring an additional 619 shares during the period. Parallel Advisors LLC boosted its position in CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 685 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Institutional investors own 73.80% of the company’s stock.

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.