CLEAR Secure, Inc. (NYSE:YOU) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.00.

YOU has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Monday, March 24th. Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research report on Friday, May 9th.

CLEAR Secure Price Performance

NYSE YOU traded down $0.09 on Friday, reaching $28.61. The company had a trading volume of 1,536,146 shares, compared to its average volume of 2,061,405. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.88 and a beta of 1.25. CLEAR Secure has a fifty-two week low of $18.23 and a fifty-two week high of $38.88. The business has a 50 day moving average of $25.69 and a two-hundred day moving average of $25.42.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business's revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. As a group, research analysts predict that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.75%. CLEAR Secure's payout ratio is 31.25%.

Insider Activity

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the transaction, the director owned 149,093 shares in the company, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Wiener sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total value of $82,500.00. Following the completion of the transaction, the director owned 212,634 shares in the company, valued at approximately $5,847,435. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 960,964 shares of company stock worth $24,238,299. 39.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gallacher Capital Management LLC bought a new position in CLEAR Secure in the second quarter worth approximately $328,000. Harbor Investment Advisory LLC boosted its holdings in CLEAR Secure by 562.1% in the second quarter. Harbor Investment Advisory LLC now owns 6,992 shares of the company's stock worth $194,000 after acquiring an additional 5,936 shares in the last quarter. Cim LLC boosted its holdings in CLEAR Secure by 1.0% in the first quarter. Cim LLC now owns 58,156 shares of the company's stock worth $1,507,000 after acquiring an additional 590 shares in the last quarter. First Hawaiian Bank boosted its holdings in CLEAR Secure by 2.8% in the first quarter. First Hawaiian Bank now owns 44,604 shares of the company's stock worth $1,156,000 after acquiring an additional 1,208 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in CLEAR Secure by 1.8% in the first quarter. Rhumbline Advisers now owns 247,921 shares of the company's stock worth $6,424,000 after acquiring an additional 4,325 shares in the last quarter. 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.