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

Key Points

• CLEAR Secure, Inc. has received an average rating of "Moderate Buy" from analysts, with a 12-month price target of $32.40.
• Insider sales included the director Adam Wiener selling 5,000 shares for $150,000, while another director sold 315,591 shares for around $7.9 million.
• The company recently declared a quarterly dividend of $0.125 per share, representing a 1.69% annual yield.

Shares of CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $32.40.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Finally, Stifel Nicolaus raised their target price on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday.

Insider Buying and Selling

In other CLEAR Secure news, Director Adam Wiener sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director directly owned 207,634 shares in the company, valued at $6,229,020. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director owned 64,935 shares in the company, valued at $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 965,964 shares of company stock worth $24,388,299 over the last quarter. Company insiders own 39.73% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YOU. Geneos Wealth Management Inc. grew its holdings in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after purchasing an additional 748 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of CLEAR Secure in the first quarter worth approximately $27,000. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure in the first quarter worth approximately $28,000. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 764 shares during the last quarter. Finally, Huntington National Bank bought a new position in shares of CLEAR Secure in the fourth quarter worth approximately $35,000. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Trading Down 1.6%

Shares of CLEAR Secure stock opened at $29.62 on Wednesday. CLEAR Secure has a 12-month low of $18.23 and a 12-month high of $38.88. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 18.51 and a beta of 1.25. The company's 50-day moving average price is $27.10 and its 200-day moving average price is $25.69.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $208.02 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts predict that CLEAR Secure will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's payout ratio is currently 31.25%.

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.

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