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

Key Points

• Analysts have a consensus “Hold” rating on CLEAR Secure, with four buys, four holds and one sell. The average 12-month price target is $58.29, above the reported share price of $39.58.
• CLEAR Secure’s latest quarterly results exceeded expectations: EPS was $0.49 versus a $0.40 estimate, while revenue rose 26.6% year over year to $277.76 million. The company also pays a quarterly dividend of $0.15 per share, representing a 1.5% yield.
• Institutional investors own 73.8% of the stock, while insiders have sold $808,615 worth of shares over the past 90 days, including sales by the president and chief accounting officer under pre-arranged plans.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $58.29.

A number of research firms recently commented on YOU. Wall Street Zen lowered CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. DA Davidson cut their target price on shares of CLEAR Secure from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Weiss Ratings lowered shares of CLEAR Secure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, September 4th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. started coverage on shares of CLEAR Secure in a report on Monday, August 24th. They set an "overweight" rating and a $55.00 price target for the company.

CLEAR Secure Stock Performance

YOU stock opened at $39.58 on Monday. CLEAR Secure has a 1 year low of $29.43 and a 1 year high of $69.07. The stock's 50 day moving average price is $46.58 and its 200 day moving average price is $51.15. The firm has a market cap of $5.36 billion, a P/E ratio of 26.93 and a beta of 1.04.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.49 EPS 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 for the quarter, compared to analysts' expectations of $269.71 million. During the same quarter in the prior year, the firm earned $0.26 EPS. CLEAR Secure's quarterly revenue was up 26.6% on a year-over-year basis. On average, research analysts predict that CLEAR Secure will post 1.88 earnings per share for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. CLEAR Secure's dividend payout ratio is presently 40.82%.

Insider Buying and Selling

In other CLEAR Secure news, President Michael Z. Barkin sold 11,444 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the transaction, the president directly owned 11,550 shares in the company, valued at approximately $519,750. The trade was a 49.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dennis W. Liu sold 2,104 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the transaction, the chief accounting officer directly owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its position in CLEAR Secure by 0.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock worth $129,784,000 after buying an additional 8,883 shares during the period. Geode Capital Management LLC boosted its stake in CLEAR Secure by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company's stock worth $86,069,000 after buying an additional 20,419 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in CLEAR Secure by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company's stock valued at $82,848,000 after buying an additional 40,880 shares during the period. Wedge Capital Management L L P NC purchased a new stake in CLEAR Secure in the 2nd quarter valued at about $82,542,000. Finally, Bank of New York Mellon Corp purchased a new stake in CLEAR Secure in the 2nd quarter valued at about $47,722,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

About CLEAR Secure

Clear Secure, Inc, operating under the CLEAR brand, is an identity technology company that provides secure, biometric-enabled services for verifying individuals. Its platform uses information such as biometrics and government-issued identification to create a reusable identity profile, helping members move through participating locations more efficiently while supporting organizations with identity verification and access control.

The company's consumer offering includes CLEAR Plus, a membership service that allows eligible travelers to use dedicated identity-verification lanes at participating airports.

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