Key Points
- CLEAR Secure President Michael Barkin sold 11,444 shares at an average price of $45, generating $514,980. The Rule 10b5-1 transaction reduced his holdings by 49.77%, leaving him with 11,550 shares.
- CLEAR Secure reported stronger-than-expected quarterly results, with earnings per share of $0.49 versus the $0.40 consensus estimate and revenue of $277.76 million, up 26.6% year over year.
- The company declared a quarterly dividend of $0.15 per share, equivalent to a 1.3% yield. Analysts’ average rating is “Hold,” with an average price target of $59.71, while institutional investors own 73.8% of the stock.
CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) CAO Dennis Liu sold 2,104 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $93,564.88. Following the completion of the transaction, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CLEAR Secure Stock Up 1.5%
Shares of NYSE YOU opened at $44.67 on Friday. The firm's 50-day moving average price is $51.05 and its 200-day moving average price is $51.17. CLEAR Secure, Inc. has a 52-week low of $29.43 and a 52-week high of $69.07. The company has a market cap of $6.04 billion, a PE ratio of 30.39 and a beta of 1.04.
CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million during the quarter, compared to analysts' expectations of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities research analysts anticipate that CLEAR Secure, Inc. will post 1.88 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. CLEAR Secure's payout ratio is currently 40.82%.
Institutional Trading of CLEAR Secure
Several hedge funds have recently bought and sold shares of YOU. Corient Private Wealth LP raised its stake in shares of CLEAR Secure by 45.8% in the second quarter. Corient Private Wealth LP now owns 33,390 shares of the company's stock worth $1,861,000 after buying an additional 10,493 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of CLEAR Secure during the 2nd quarter valued at about $334,000. California State Teachers Retirement System grew its stake in shares of CLEAR Secure by 5,221.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company's stock valued at $303,055,000 after acquiring an additional 5,335,727 shares during the period. Odyssean LLC increased its holdings in CLEAR Secure by 58.3% in the 2nd quarter. Odyssean LLC now owns 19,887 shares of the company's stock worth $1,108,000 after acquiring an additional 7,322 shares in the last quarter. Finally, Nykredit A S purchased a new stake in CLEAR Secure in the 2nd quarter worth approximately $218,000. Institutional investors own 73.80% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. DA Davidson dropped their price target on CLEAR Secure from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. Telsey Advisory Group boosted their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of CLEAR Secure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.71.
Check Out Our Latest Report 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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