CLEAR Secure (NYSE:YOU) Stock Price Down 6.2% – Should You Sell?

CLEAR Secure, Inc. (NYSE:YOU) shares dropped 6.2% on Tuesday . The company traded as low as $48.09 and last traded at $48.0460. 805,821 shares traded hands during trading, a decline of 50% from the average session volume of 1,599,135 shares. The stock had previously closed at $51.21.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YOU. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Needham & Company LLC increased their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Telsey Advisory Group raised their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a research report on Monday, July 20th. Finally, DA Davidson decreased their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Hold” and a consensus price target of $58.57.

CLEAR Secure Price Performance

The firm has a market cap of $6.18 billion, a P/E ratio of 31.54 and a beta of 1.06. The firm’s 50-day moving average price is $53.70 and its 200 day moving average price is $49.93.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. CLEAR Secure’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts forecast that CLEAR Secure, Inc. will post 1.61 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s payout ratio is currently 40.82%.

Insider Buying and Selling at CLEAR Secure

In other news, EVP Kyle Mclaughlin sold 8,000 shares of CLEAR Secure stock in a transaction dated 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 transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. The trade was a 21.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,962 shares of company stock worth $1,360,146 over the last 90 days. Insiders own 29.70% of the company’s stock.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its holdings in shares of CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after buying an additional 323 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CLEAR Secure by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock valued at $478,000 after acquiring an additional 351 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of CLEAR Secure by 3.6% during the 1st 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. boosted its stake in shares of CLEAR Secure by 6.9% during the 1st quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock worth $366,000 after acquiring an additional 489 shares in the last quarter. Finally, Aspen Investment Management Inc grew its holdings in shares of CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after acquiring an additional 500 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Company Profile

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.