CLEAR Secure (NYSE:YOU) Stock Price Up 7.2% – Still a Buy?

CLEAR Secure, Inc. (NYSE:YOU) rose 7.2% on Wednesday . The stock traded as high as $57.73 and last traded at $57.73. Approximately 930,561 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 1,574,807 shares. The stock had previously closed at $53.84.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. DA Davidson lowered their price objective on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company upped their target price on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.57.

CLEAR Secure Stock Performance

The stock’s 50-day moving average price is $54.67 and its two-hundred day moving average price is $48.79. The stock has a market capitalization of $7.49 billion, a PE ratio of 45.33 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, analysts predict that CLEAR Secure, Inc. will post 1.61 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

Insider Buying and Selling

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares in the company, valued at $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. 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 have sold 23,962 shares of company stock worth $1,360,146 in the last 90 days. Insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Durable Capital Partners LP boosted its stake in CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. State Street Corp raised its holdings in CLEAR Secure by 1.8% in the fourth quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after buying an additional 59,067 shares during the last quarter. Morgan Stanley lifted its stake in shares of CLEAR Secure by 6.0% in the fourth quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after buying an additional 152,074 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after buying an additional 8,883 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of CLEAR Secure by 5.5% during the fourth quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after buying an additional 137,249 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

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.