CLEAR Secure, Inc. (NYSE:YOU) Short Interest Down 19.8% in February

CLEAR Secure, Inc. (NYSE:YOU) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 10,536,499 shares, a decline of 19.8% from the February 12th total of 13,133,553 shares. Currently, 13.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is presently 3.6 days. Currently, 13.1% of the company’s shares are short sold.

Insider Activity

In related news, insider Lynn Haaland sold 15,533 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Adam Wiener sold 18,000 shares of CLEAR Secure stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $43.07, for a total transaction of $775,260.00. Following the completion of the sale, the director directly owned 147,634 shares of the company’s stock, valued at $6,358,596.38. The trade was a 10.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 111,488 shares of company stock worth $5,069,078. Corporate insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

A number of large investors have recently modified their holdings of YOU. Royal Bank of Canada lifted its position in CLEAR Secure by 59.7% during the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after acquiring an additional 101,476 shares in the last quarter. Amundi increased its stake in CLEAR Secure by 62.5% during the 1st quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares during the period. Advisors Asset Management Inc. acquired a new position in CLEAR Secure in the 1st quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CLEAR Secure by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after buying an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of CLEAR Secure by 64.7% during the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on YOU shares. Wells Fargo & Company increased their target price on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Telsey Advisory Group upped their price objective on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, DA Davidson upped their price target on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.57.

CLEAR Secure Stock Performance

YOU traded down $0.17 on Friday, reaching $44.64. 1,150,910 shares of the company’s stock were exchanged, compared to its average volume of 2,136,206. The company’s 50 day moving average is $37.22 and its 200-day moving average is $35.63. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 39.85 and a beta of 1.13. CLEAR Secure has a twelve month low of $23.00 and a twelve month high of $50.46.

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

CLEAR Secure Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.20 dividend. This represents a yield of 131.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is currently 53.57%.

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.