Key Points
- CLEAR Secure President Michael Barkin sold 11,550 shares on May 28 at an average price of $56.29, totaling about $650,149. The sale reduced his ownership by 33.44% and was made under a pre-arranged Rule 10b5-1 trading plan.
- The stock fell 2.4% and opened Friday at $55.34, near its 50-day moving average of $54.42. CLEAR Secure has a market cap of $7.38 billion and has traded between $24.06 and $62.73 over the past 12 months.
- Recent results were solid: the company beat quarterly EPS and revenue estimates, with revenue up 19.7% year over year. CLEAR also announced a quarterly dividend of $0.15 per share, yielding about 1.1% annually.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) President Michael Barkin sold 11,550 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president owned 22,994 shares in the company, valued at $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CLEAR Secure Stock Down 2.4%
Shares of CLEAR Secure stock opened at $55.34 on Friday. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 44.63 and a beta of 1.09. CLEAR Secure, Inc. has a 12-month low of $24.06 and a 12-month high of $62.73. The firm's 50-day moving average price is $54.42 and its two-hundred day moving average price is $43.11.
CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.
CLEAR Secure Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders 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 dividend yield of 1.1%. CLEAR Secure's dividend payout ratio is 48.39%.
Analysts Set New Price Targets
A number of research firms have recently commented on YOU. DA Davidson reissued a "neutral" rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. The Goldman Sachs Group reissued a "buy" rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research raised shares of CLEAR Secure from a "hold" rating to a "strong-buy" rating in a report on Monday, April 20th. Finally, Wells Fargo & Company increased their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an "underweight" rating in a report on Thursday, May 7th. One investment 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. Based on data from MarketBeat.com, CLEAR Secure currently has a consensus rating of "Moderate Buy" and an average price target of $60.00.
Get Our Latest Analysis on CLEAR Secure
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its holdings in CLEAR Secure by 6.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company's stock worth $184,000 after purchasing an additional 323 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of CLEAR Secure by 14.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company's stock valued at $121,000 after acquiring an additional 447 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CLEAR Secure by 3.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company's stock valued at $617,000 after acquiring an additional 447 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of CLEAR Secure by 13.4% in the 4th quarter. Blue Trust Inc. now owns 3,814 shares of the company's stock valued at $134,000 after acquiring an additional 451 shares during the last quarter. Finally, Aspen Investment Management Inc boosted its position in shares of CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company's stock valued at $493,000 after purchasing an additional 500 shares during the period. Institutional investors own 73.80% of the company's stock.
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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