CLEAR Secure (NYSE:YOU) Rating Increased to Strong-Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of CLEAR Secure (NYSE:YOUFree Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Needham & Company LLC lifted their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings raised CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. DA Davidson cut 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. Finally, Wells Fargo & Company upped their price target on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $58.57.

Check Out Our Latest Stock Analysis on CLEAR Secure

CLEAR Secure Trading Down 0.7%

Shares of CLEAR Secure stock opened at $45.33 on Friday. The company’s fifty day simple moving average is $53.34 and its two-hundred day simple moving average is $49.96. The company has a market cap of $6.04 billion, a P/E ratio of 30.84 and a beta of 1.06. CLEAR Secure has a 12-month low of $29.43 and a 12-month high of $69.07.

CLEAR Secure (NYSE:YOUGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million for 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%. CLEAR Secure’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. Analysts predict that CLEAR Secure will post 1.71 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.60 annualized dividend and a yield of 1.3%. CLEAR Secure’s dividend payout ratio is 40.82%.

Insiders Place Their Bets

In other news, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently modified their holdings of the company. Globeflex Capital L P purchased a new stake in CLEAR Secure during the second quarter valued at $128,000. Abacus FCF Advisors LLC purchased a new stake in CLEAR Secure during the second quarter valued at approximately $3,033,000. Great Lakes Advisors LLC bought a new position in CLEAR Secure in the second quarter worth approximately $1,329,000. Foster & Motley Inc. bought a new position in CLEAR Secure in the second quarter worth approximately $1,446,000. Finally, Plato Investment Management Ltd purchased a new position in shares of CLEAR Secure during the 2nd quarter worth $285,000. 73.80% of the stock is owned by institutional investors.

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.

Featured Articles