CLEAR Secure, Inc. (NYSE:YOU) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several research analysts recently issued reports on YOU shares. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a research note on Monday, March 24th. Finally, Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday.

CLEAR Secure Price Performance

Shares of YOU traded up $0.39 during mid-day trading on Friday, reaching $29.00. 802,409 shares of the company's stock traded hands, compared to its average volume of 2,061,474. CLEAR Secure has a 12 month low of $18.23 and a 12 month high of $38.88. The stock has a market cap of $3.86 billion, a P/E ratio of 17.16 and a beta of 1.25. The stock's 50-day moving average is $25.55 and its two-hundred day moving average is $25.39.

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

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.72%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Insiders Place Their Bets

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the sale, the director owned 149,093 shares in the company, valued at $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adam Wiener sold 3,000 shares of the company's stock in a transaction 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 sale, the director owned 212,634 shares of the company's stock, valued at approximately $5,847,435. This represents 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 valued at $24,238,299. 39.73% of the stock is owned by company insiders.

Institutional Trading of CLEAR Secure

A number of hedge funds have recently bought and sold shares of YOU. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% during the 1st 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 last quarter. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure during the 1st quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new position in CLEAR Secure during the 1st quarter valued at about $28,000. Fifth Third Bancorp boosted its holdings in CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after acquiring an additional 764 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in CLEAR Secure in the fourth quarter worth about $35,000. Hedge funds and other 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.