CLEAR Secure (NYSE:YOU) CAO Dennis Liu Sells 7,950 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 7,950 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. This represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CLEAR Secure Stock Up 1.4%

Shares of YOU stock traded up $0.66 during mid-day trading on Thursday, reaching $49.06. The stock had a trading volume of 126,110 shares, compared to its average volume of 1,677,541. CLEAR Secure, Inc. has a one year low of $23.00 and a one year high of $50.46. The firm has a market cap of $6.53 billion, a PE ratio of 43.80 and a beta of 1.13. The firm’s 50 day simple moving average is $35.77 and its 200 day simple moving average is $35.10.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.CLEAR Secure’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 129.0%. CLEAR Secure’s dividend payout ratio is currently 44.64%.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors have recently bought and sold shares of YOU. Geneos Wealth Management Inc. boosted its stake in 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 in the last quarter. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 619 shares during the last quarter. Allworth Financial LP lifted its position in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in CLEAR Secure by 22.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of analyst reports. Wall Street Zen cut shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Stifel Nicolaus upped their price objective on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Needham & Company LLC increased their target price on CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson boosted their price target on CLEAR Secure from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.57.

CLEAR Secure Company Profile

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.