CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) CAO Dennis Liu sold 3,507 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total value of $209,017.20. Following the completion of the sale, the chief accounting officer owned 12,363 shares of the company's stock, valued at $736,834.80. This represents a 22.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CLEAR Secure Price Performance
Shares of YOU traded down $0.84 on Friday, reaching $55.66. 1,368,094 shares of the stock traded hands, compared to its average volume of 1,256,617. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 32.74 and a beta of 0.99. CLEAR Secure, Inc. has a 12 month low of $30.98 and a 12 month high of $69.07. The stock's 50-day moving average price is $43.86 and its 200-day moving average price is $47.95.
CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $292.85 million during the quarter, compared to analyst estimates of $286.65 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. CLEAR Secure's revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.
CLEAR Secure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 10th. CLEAR Secure's payout ratio is 35.29%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of YOU. Parallel Advisors LLC boosted its stake in shares of CLEAR Secure by 2,283.3% in the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company's stock valued at $35,000 after purchasing an additional 685 shares in the last quarter. Jacobi Capital Management LLC bought a new stake in shares of CLEAR Secure in the 3rd quarter worth about $36,000. Rockefeller Capital Management L.P. grew its holdings in shares of CLEAR Secure by 92.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company's stock worth $39,000 after purchasing an additional 532 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of CLEAR Secure during the 3rd quarter worth about $55,000. Finally, Allworth Financial LP increased its position in shares of CLEAR Secure by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,559 shares of the company's stock worth $65,000 after purchasing an additional 330 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on YOU. The Goldman Sachs Group reaffirmed a "buy" rating and set a $80.00 price objective on shares of CLEAR Secure in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of CLEAR Secure from $55.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday. Wall Street Zen lowered shares of CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Wells Fargo & Company raised their price target on shares of CLEAR Secure from $45.00 to $50.00 and gave the stock an "underweight" rating in a research note on Thursday. Finally, DA Davidson cut their price target on shares of CLEAR Secure from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $66.86.
Get Our Latest Stock Analysis on CLEAR Secure
Key Stories Impacting CLEAR Secure
Here are the key news stories impacting CLEAR Secure this week:
- Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
- Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
- Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
- Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
- Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
- Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
- Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information
About CLEAR Secure
(
Get Free Report)
CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.
Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.
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