Clear Secure (NYSE:YOU) Sets New 1-Year High at $30.14

Clear Secure, Inc. (NYSE:YOU) hit a new 52-week high during trading on Thursday . The stock traded as high as $30.14 and last traded at $29.99, with a volume of 499003 shares. The stock had previously closed at $28.78.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.20.

Clear Secure Trading Up 1.9 %

The company’s fifty day simple moving average is $22.77 and its 200 day simple moving average is $20.03. The firm has a market capitalization of $4.23 billion, a P/E ratio of 54.27 and a beta of 1.58.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Clear Secure’s revenue was up 24.6% on a year-over-year basis. On average, analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, September 10th. Clear Secure’s payout ratio is presently 71.43%.

Insider Buying and Selling

In related news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kenneth L. Cornick sold 79,935 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total value of $2,401,247.40. The disclosure for this sale can be found here. Insiders have sold a total of 272,435 shares of company stock valued at $7,770,702 over the last ninety days. Company insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds have recently bought and sold shares of YOU. Montag A & Associates Inc. purchased a new position in Clear Secure in the 1st quarter worth approximately $26,000. Quarry LP raised its stake in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after purchasing an additional 1,163 shares during the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. CWM LLC boosted its position in shares of Clear Secure by 968.0% during the second quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after buying an additional 6,573 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Clear Secure in the 2nd quarter worth about $137,000. Institutional investors own 73.80% of the company’s stock.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.