Key Points
- Insider sale: CLEAR Secure CAO Dennis Liu sold 7,950 shares on March 2 at an average price of $48.57 for a total of $386,131.50, reducing his ownership by 42.04% to 10,960 shares valued at $532,327.20.
- Special dividend announced: The company declared a $0.20 per share special dividend payable March 24 to shareholders of record on March 10 (ex-dividend date March 10), which the report cites as a 129.0% yield.
- Recent results and analyst view: CLEAR reported quarterly EPS of $0.31 (in line with consensus) and revenue of $240.75M (above estimates), with revenue up 16.7% year-over-year; analysts’ consensus rating is a "Hold" with an average price target of $51.57.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) CAO Dennis Liu sold 7,950 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. The trade was a 42.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
CLEAR Secure Trading Up 1.4%
Shares of CLEAR Secure stock traded up $0.66 during midday trading on Thursday, reaching $49.06. The company had a trading volume of 126,110 shares, compared to its average volume of 1,677,541. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 43.80 and a beta of 1.13. The stock has a fifty day simple moving average of $35.77 and a 200 day simple moving average of $35.10. CLEAR Secure, Inc. has a 1-year low of $23.00 and a 1-year high of $50.46.
CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The business's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. Sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.
CLEAR Secure Announces Dividend
The company also recently declared a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.20 per share. This represents a dividend yield of 129.0%. The ex-dividend date of this dividend is Tuesday, March 10th. CLEAR Secure's dividend payout ratio is 44.64%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on YOU shares. Weiss Ratings cut CLEAR Secure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, February 3rd. Needham & Company LLC lifted their price target on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday. The Goldman Sachs Group set a $61.00 price objective on shares of CLEAR Secure and gave the company a "buy" rating in a report on Wednesday, February 25th. Stifel Nicolaus raised their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a report on Monday, November 10th. Five 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 presently has an average rating of "Hold" and an average price target of $51.57.
Get Our Latest Research Report on CLEAR Secure
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in 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 purchasing an additional 619 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of CLEAR Secure by 329.5% during 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. Allworth Financial LP grew its holdings in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company's stock valued at $36,000 after buying an additional 555 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the 1st quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in CLEAR Secure during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 73.80% of the company's stock.
About CLEAR Secure
(
Get Free Report)
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.
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