CLEAR Secure, Inc. (NYSE:YOU) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst sentiment is mixed: CLEAR Secure has an average “Hold” rating from nine brokerages, with five buys, three holds and one sell. The average 12-month price target is $58.57.
• Quarterly results exceeded expectations: The company reported earnings of $0.49 per share versus the $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million.
• Insiders have been selling shares, with executives selling 23,962 shares worth approximately $1.36 million over the past 90 days; institutional investors own 73.8% of the stock. CLEAR Secure also announced a quarterly dividend of $0.15 per share, equal to a 1.2% annualized yield.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) has been assigned an average rating of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $58.5714.

YOU has been the subject of several research analyst reports. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday, July 20th. Weiss Ratings raised shares of CLEAR Secure from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. Needham & Company LLC upped their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Telsey Advisory Group lifted their price objective 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. Finally, Zacks Research downgraded shares of CLEAR Secure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th.

Insider Activity

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,962 shares of company stock valued at $1,360,146 in the last ninety days. Insiders own 29.70% of the company's stock.

Hedge Funds Weigh In On CLEAR Secure

Hedge funds have recently added to or reduced their stakes in the company. Foster & Motley Inc. bought a new stake in CLEAR Secure in the second quarter worth about $1,446,000. Plato Investment Management Ltd purchased a new stake in shares of CLEAR Secure in the second quarter worth approximately $285,000. Bank of New York Mellon Corp bought a new stake in shares of CLEAR Secure during the 2nd quarter worth approximately $47,722,000. Wedge Capital Management L L P NC bought a new stake in shares of CLEAR Secure during the 2nd quarter worth approximately $82,542,000. Finally, GAMMA Investing LLC boosted its holdings in CLEAR Secure by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company's stock valued at $478,000 after acquiring an additional 351 shares during the period. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $51.26 on Friday. The company has a market cap of $6.83 billion, a P/E ratio of 34.87 and a beta of 1.06. CLEAR Secure has a 52-week low of $29.43 and a 52-week high of $69.07. The firm's fifty day moving average is $54.19 and its two-hundred day moving average is $49.53.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The firm had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same quarter last year, the business posted $0.26 earnings per share. The business's quarterly revenue was up 26.6% compared to the same quarter last year. As a group, analysts forecast that CLEAR Secure will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. CLEAR Secure's dividend payout ratio is 48.39%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source