CLEAR Secure (NYSE:YOU) Sets New 1-Year High – Here’s What Happened

CLEAR Secure, Inc. (NYSE:YOU)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $51.82 and last traded at $51.4820, with a volume of 313464 shares changing hands. The stock had previously closed at $48.12.

Analyst Ratings Changes

YOU has been the topic of several research analyst reports. Telsey Advisory Group boosted their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Needham & Company LLC lifted their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Stifel Nicolaus boosted their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their target price on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings downgraded CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Five 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, the stock has an average rating of “Hold” and a consensus price target of $51.57.

CLEAR Secure Stock Up 8.1%

The stock’s 50 day moving average price is $38.42 and its two-hundred day moving average price is $36.04. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 46.16 and a beta of 1.12.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million during the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 131.0%. CLEAR Secure’s dividend payout ratio is presently 53.57%.

Insider Buying and Selling

In other news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the sale, the chief accounting officer owned 10,960 shares of the company’s stock, valued at $532,327.20. This trade represents a 42.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lynn Haaland sold 11,064 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total transaction of $524,876.16. Following the completion of the transaction, the insider owned 7,375 shares of the company’s stock, valued at approximately $349,870. This represents a 60.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 111,488 shares of company stock worth $5,069,078. 39.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CLEAR Secure

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure during the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares during the last quarter. Allworth Financial LP lifted its stake in CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in CLEAR Secure by 92.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after buying an additional 532 shares in the last quarter. Institutional investors and hedge funds 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.