CLEAR Secure, Inc. (NYSE:YOU) Stock Has Consensus Price Target of $58.29

Key Points

• Analyst sentiment is mixed: Nine analysts assign CLEAR Secure an average rating of “Hold,” with five buys, three holds and one sell. The consensus 12-month price target is $58.29, above the stock’s reported $45.60 price.
• Recent operating results exceeded expectations: CLEAR Secure reported quarterly EPS of $0.49 versus the $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, ahead of forecasts.
• Insiders have been selling while institutions hold a large stake: Insiders sold 18,047 shares worth $808,615 over the past three months, whereas institutional investors own 73.8% of the company. The company also pays a quarterly dividend of $0.15, implying a 1.3% annual yield.

Shares of CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) have been given an average rating of "Hold" by the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.29.

YOU has been the topic of a number of recent research reports. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a research note on Monday, July 20th. Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of CLEAR Secure in a report on Wednesday, October 7th. Zacks Research downgraded CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. JPMorgan Chase & Co. initiated coverage on CLEAR Secure in a report on Monday, August 24th. They issued an "overweight" rating and a $55.00 target price on the stock. Finally, Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 2,104 shares of CLEAR Secure stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the transaction, the chief accounting officer directly owned 15,870 shares of the company's stock, valued at $705,738.90. The trade was a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Z. Barkin sold 11,444 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president owned 11,550 shares of the company's stock, valued at approximately $519,750. The trade was a 49.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is owned by insiders.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in CLEAR Secure by 92.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company's stock worth $39,000 after purchasing an additional 532 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in CLEAR Secure in the 3rd quarter worth about $55,000. IFP Advisors Inc increased its stake in CLEAR Secure by 162.0% in the 2nd quarter. IFP Advisors Inc now owns 1,991 shares of the company's stock valued at $111,000 after buying an additional 1,231 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in CLEAR Secure by 112.9% in the 1st quarter. Sound Income Strategies LLC now owns 2,167 shares of the company's stock valued at $106,000 after buying an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

CLEAR Secure Stock Up 1.0%

Shares of NYSE:YOU opened at $45.60 on Friday. CLEAR Secure has a twelve month low of $30.23 and a twelve month high of $69.07. The stock's 50 day moving average is $42.75 and its 200-day moving average is $50.36. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 31.02 and a beta of 1.01.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million during the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. CLEAR Secure's revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Equities research analysts anticipate that CLEAR Secure will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 10th. CLEAR Secure's dividend payout ratio is presently 40.82%.

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

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