CLEAR Secure (NYSE:YOU) Sets New 1-Year High – Here’s What Happened

CLEAR Secure, Inc. (NYSE:YOU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.82 and last traded at $51.4820, with a volume of 313464 shares traded. The stock had previously closed at $48.12.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson increased their price objective on CLEAR Secure from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wells Fargo & Company boosted their target price on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and a consensus target price of $51.57.

CLEAR Secure Stock Performance

The company has a 50 day moving average of $38.42 and a 200-day moving average of $36.04. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 46.16 and a beta of 1.12.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The company had revenue of $240.75 million for the quarter, compared to analyst estimates of $235.66 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

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

Insider Buying and Selling

In other news, CAO Dennis W. Liu sold 7,950 shares of CLEAR Secure stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the completion of the transaction, the chief accounting officer owned 10,960 shares in the company, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction that occurred on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the completion of the transaction, the president owned 5,669 shares of the company’s stock, valued at $273,359.18. This represents a 80.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,488 shares of company stock worth $5,069,078 over the last 90 days. 39.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares in the last quarter. 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 valued at $25,000 after acquiring an additional 748 shares in the last quarter. Allworth Financial LP grew its holdings in shares of CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure during the first quarter worth about $28,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of CLEAR Secure by 92.4% during the fourth 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. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.