Analysts Set CLEAR Secure, Inc. (NYSE:YOU) Price Target at $58.57

Shares of CLEAR Secure, Inc. (NYSE:YOU) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $58.5714.

A number of brokerages recently commented on YOU. Wells Fargo & Company lifted their price objective on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a research note on Monday, July 20th. Telsey Advisory Group lifted their price target on CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised shares of CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th.

Insider Activity

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the business’s 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in 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 purchasing an additional 323 shares during the period. GAMMA Investing LLC grew its holdings 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 worth $478,000 after purchasing an additional 351 shares during the period. Pictet Asset Management Holding SA increased its position 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 purchasing an additional 447 shares during the last quarter. Pacer Advisors Inc. increased its position 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 purchasing an additional 489 shares during the last quarter. Finally, Aspen Investment Management Inc raised its holdings in CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock valued at $493,000 after buying an additional 500 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

YOU opened at $45.33 on Friday. The company’s 50 day simple moving average is $53.34 and its two-hundred day simple moving average is $49.96. CLEAR Secure has a 1-year low of $29.43 and a 1-year high of $69.07. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.84 and a beta of 1.06.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The business 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 business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. On average, equities analysts anticipate that CLEAR Secure will post 1.71 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company 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 of this dividend is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. CLEAR Secure’s payout ratio is 40.82%.

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.