CLEAR Secure (NYSE:YOU) Hits New 52-Week High After Analyst Upgrade

by · The Markets Daily

CLEAR Secure, Inc. (NYSE:YOU – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $42.00 price target on the stock, up from their previous price target of $35.00. CLEAR Secure traded as high as $41.64 and last traded at $40.8330, with a volume of 1010563 shares traded. The stock had previously closed at $36.26.

A number of other equities research analysts also recently weighed in on the company. DA Davidson initiated coverage on CLEAR Secure in a research report on Tuesday, September 16th. They set a “buy” rating and a $45.00 target price on the stock. Wall Street Zen lowered CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company boosted their price objective on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Telsey Advisory Group raised their target price on CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.71.

View Our Latest Stock Analysis on YOU

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total value of $264,160.00. Following the transaction, the director directly owned 193,634 shares in the company, valued at $6,393,794.68. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of YOU. Jump Financial LLC lifted its stake in shares of CLEAR Secure by 110.0% during the first quarter. Jump Financial LLC now owns 132,199 shares of the company’s stock valued at $3,425,000 after acquiring an additional 69,259 shares during the period. Harbor Capital Advisors Inc. raised its holdings in CLEAR Secure by 163.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 69,651 shares of the company’s stock worth $1,934,000 after purchasing an additional 43,262 shares during the last quarter. Deutsche Bank AG lifted its position in CLEAR Secure by 181.2% during the 1st quarter. Deutsche Bank AG now owns 229,972 shares of the company’s stock valued at $5,959,000 after purchasing an additional 148,197 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of CLEAR Secure by 84.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,891 shares of the company’s stock valued at $489,000 after purchasing an additional 8,642 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of CLEAR Secure by 5.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,500 shares of the company’s stock valued at $1,208,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

The company has a market cap of $5.31 billion, a price-to-earnings ratio of 24.29 and a beta of 1.22. The firm’s 50-day moving average price is $33.33 and its 200 day moving average price is $31.81.

CLEAR Secure (NYSE:YOU – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business had revenue of $229.19 million for the quarter, compared to analyst estimates of $224.80 million. During the same period in the prior year, the business posted $0.30 earnings per share. CLEAR Secure’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. CLEAR Secure’s payout ratio is 30.49%.

CLEAR Secure Company Profile

(Get Free Report)

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.

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