Key Points
- Insider sale: CLEAR Secure insider Jonathan Schlegel sold 4,412 shares on May 15 at an average price of $59.02, totaling about $260,396.
- Strong quarterly results: The company recently beat expectations, reporting EPS of $0.38 versus $0.35 expected and revenue of $253 million, up 19.7% year over year.
- Dividend and analyst sentiment: CLEAR Secure declared a quarterly dividend of $0.15 per share and currently has a Moderate Buy consensus rating with a $60 average price target.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CLEAR Secure Stock Performance
Shares of YOU opened at $59.41 on Tuesday. The company has a market capitalization of $7.92 billion, a P/E ratio of 47.91 and a beta of 1.09. CLEAR Secure, Inc. has a one year low of $23.88 and a one year high of $61.68. The stock has a 50-day moving average price of $52.05 and a 200 day moving average price of $41.44.
CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.CLEAR Secure's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.
CLEAR Secure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. CLEAR Secure's dividend payout ratio is currently 48.39%.
Institutional Trading of CLEAR Secure
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company's stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. State Street Corp grew its holdings in CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company's stock worth $116,193,000 after buying an additional 59,067 shares in the last quarter. First Trust Advisors LP grew its holdings in CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company's stock worth $102,245,000 after buying an additional 35,304 shares in the last quarter. Morgan Stanley grew its holdings in CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company's stock worth $94,605,000 after buying an additional 152,074 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CLEAR Secure by 0.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock worth $129,784,000 after buying an additional 8,883 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. DA Davidson reissued a "neutral" rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Telsey Advisory Group increased their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Needham & Company LLC upped their price objective on CLEAR Secure from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.
Read Our Latest Report on YOU
CLEAR Secure Company Profile
(
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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