Key Points
- Lynn Haaland sold 15,532 shares at an average price of $41 on Dec. 12 for $636,812, reducing her ownership by 50% to 15,533 shares, as disclosed in an SEC filing.
- CLEAR declared a quarterly dividend of $0.125 per share (annualized $0.50) payable Dec. 24 to holders of record on Dec. 10, implying a 1.3% yield and a 30.49% payout ratio.
- The company beat Q3 estimates with EPS of $0.29 (vs. $0.27 expected) and revenue of $229.19M (up 15.5% year-over-year), while trading with a market cap around $5.25B and a P/E of 24.02.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) Director Adam Wiener sold 8,000 shares of the company's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $40.00, for a total transaction of $320,000.00. Following the completion of the transaction, the director owned 179,634 shares in the company, valued at approximately $7,185,360. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Adam Wiener also recently made the following trade(s):
- On Thursday, November 6th, Adam Wiener sold 6,000 shares of CLEAR Secure stock. The stock was sold at an average price of $36.04, for a total transaction of $216,240.00.
- On Wednesday, October 1st, Adam Wiener sold 8,000 shares of CLEAR Secure stock. The shares were sold at an average price of $33.02, for a total value of $264,160.00.
CLEAR Secure Stock Performance
YOU stock opened at $39.39 on Wednesday. The company has a market capitalization of $5.25 billion, a PE ratio of 24.02 and a beta of 1.22. The company's 50 day moving average price is $33.85 and its two-hundred day moving average price is $32.24. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29.
CLEAR Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The company had revenue of $229.19 million during the quarter, compared to analyst estimates of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.CLEAR Secure's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, research analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.
CLEAR Secure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 10th. CLEAR Secure's dividend payout ratio is currently 30.49%.
Hedge Funds Weigh In On CLEAR Secure
Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in CLEAR Secure during the third quarter valued at approximately $298,000. Jacobs Levy Equity Management Inc. lifted its stake in CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company's stock worth $48,859,000 after purchasing an additional 1,439,873 shares in the last quarter. Caxton Associates LLP bought a new position in shares of CLEAR Secure during the 3rd quarter valued at approximately $888,000. XTX Topco Ltd lifted its position in CLEAR Secure by 52.6% during the third quarter. XTX Topco Ltd now owns 59,875 shares of the company's stock valued at $1,999,000 after purchasing an additional 20,628 shares during the last quarter. Finally, Virtus Advisers LLC increased its position in shares of CLEAR Secure by 511.3% during the 3rd quarter. Virtus Advisers LLC now owns 15,797 shares of the company's stock valued at $527,000 after purchasing an additional 13,213 shares during the last quarter. 73.80% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
YOU has been the subject of several research analyst reports. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a report on Thursday, November 6th. JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $42.00 in a report on Friday, December 12th. Zacks Research cut shares of CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wall Street Zen cut CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group upped their price target on CLEAR Secure from $37.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $39.86.
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CLEAR Secure Company Profile
(
Get Free Report)
Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.
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