CLEAR Secure (NYSE:YOU) Hits New 12-Month High – What’s Next?

CLEAR Secure, Inc. (NYSE:YOU)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.54 and last traded at $62.41, with a volume of 634521 shares changing hands. The stock had previously closed at $60.06.

Analysts Set New Price Targets

Several equities analysts recently weighed in on YOU shares. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Telsey Advisory Group increased their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. DA Davidson restated a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CLEAR Secure currently has an average rating of “Moderate Buy” and an average price target of $60.00.

CLEAR Secure Price Performance

The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 45.73 and a beta of 1.09. The business has a fifty day moving average price of $54.29 and a 200 day moving average price of $43.02.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, sell-side analysts predict that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.1%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insider Transactions at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Z. Barkin sold 22,885 shares of the firm’s stock in a transaction on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total value of $1,103,514.70. Following the completion of the transaction, the president directly owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. This trade represents a 80.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,367 shares of company stock worth $2,615,229 over the last quarter. 39.73% of the stock is owned by company insiders.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA acquired a new stake in CLEAR Secure during the first quarter valued at approximately $267,000. Janus Henderson Group PLC raised its holdings in shares of CLEAR Secure by 8.6% in the 1st quarter. Janus Henderson Group PLC now owns 184,518 shares of the company’s stock worth $8,933,000 after buying an additional 14,541 shares in the last quarter. Amundi raised its holdings in shares of CLEAR Secure by 63.6% in the 1st quarter. Amundi now owns 11,529 shares of the company’s stock worth $558,000 after buying an additional 4,480 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of CLEAR Secure by 19.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,701 shares of the company’s stock worth $373,000 after buying an additional 1,238 shares during the period. Finally, California State Teachers Retirement System boosted its stake in CLEAR Secure by 32.9% in the 1st quarter. California State Teachers Retirement System now owns 102,183 shares of the company’s stock valued at $4,947,000 after buying an additional 25,299 shares in the last quarter. 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.