Key Points
- CLEAR Secure EVP Kyle McLaughlin sold 8,000 shares on June 2 at an average price of $56.20, worth about $449,600. The sale reduced his ownership by 21.32% and was made under a pre-arranged Rule 10b5-1 plan.
- The company recently beat quarterly expectations, reporting EPS of $0.38 versus the $0.35 consensus and revenue of $253 million, up 19.7% year over year. Analysts currently expect CLEAR Secure to earn $1.78 per share for the full fiscal year.
- CLEAR Secure announced a quarterly dividend of $0.15 per share, payable June 24, implying an annualized yield of about 1.1%. Meanwhile, Wall Street remains constructive, with a consensus rating of “Moderate Buy” and a target price of $60.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) EVP Kyle Mclaughlin sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares of the company's stock, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CLEAR Secure Stock Down 1.3%
Shares of YOU stock opened at $56.04 on Thursday. CLEAR Secure, Inc. has a 12 month low of $24.06 and a 12 month high of $62.73. The firm has a market cap of $7.47 billion, a PE ratio of 45.20 and a beta of 1.08. The stock has a 50 day moving average of $54.82 and a 200-day moving average of $43.55.
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, topping analysts' consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company's quarterly revenue was up 19.7% compared to the same quarter last year. As a group, equities analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.15 per share. 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 currently 48.39%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 685 shares in the last quarter. NewEdge Advisors LLC raised its stake in CLEAR Secure by 25.2% during the first quarter. NewEdge Advisors LLC now owns 16,702 shares of the company's stock worth $809,000 after acquiring an additional 3,366 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in CLEAR Secure during the first quarter worth $267,000. Janus Henderson Group PLC raised its stake in CLEAR Secure by 8.6% during the first quarter. Janus Henderson Group PLC now owns 184,518 shares of the company's stock worth $8,933,000 after acquiring an additional 14,541 shares in the last quarter. Finally, Amundi raised its stake in CLEAR Secure by 63.6% during the first quarter. Amundi now owns 11,529 shares of the company's stock worth $558,000 after acquiring an additional 4,480 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on YOU. Telsey Advisory Group upped their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $75.00 price objective on shares of CLEAR Secure in a research report on Thursday, May 7th. Needham & Company LLC upped their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.
Get Our Latest Stock Analysis on CLEAR Secure
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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