CLEAR Secure (NYSE:YOU) Lowered to “Hold” Rating by Zacks Research

by · The Markets Daily

Zacks Research downgraded shares of CLEAR Secure (NYSE:YOU – Free Report) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other analysts have also recently commented on the stock. DA Davidson reiterated a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Wells Fargo & Company upped their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Telsey Advisory Group increased their target price on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CLEAR Secure currently has an average rating of “Hold” and a consensus target price of $60.00.

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CLEAR Secure Trading Down 1.4%

CLEAR Secure stock opened at $55.92 on Monday. CLEAR Secure has a 1 year low of $28.06 and a 1 year high of $62.73. The company has a market cap of $7.46 billion, a PE ratio of 45.10 and a beta of 1.08. The company’s 50-day moving average is $55.62 and its two-hundred day moving average is $46.55.

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 the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. CLEAR Secure’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. Research analysts forecast that CLEAR Secure will post 1.79 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.

Insiders Place Their Bets

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,962 shares of company stock worth $1,360,146. Corporate insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Durable Capital Partners LP raised its holdings in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. State Street Corp boosted its stake in CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after purchasing an additional 59,067 shares during the period. Morgan Stanley increased its holdings in CLEAR Secure by 6.0% during the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after purchasing an additional 152,074 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in CLEAR Secure by 0.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after purchasing an additional 8,883 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of CLEAR Secure by 5.5% in the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after purchasing an additional 137,249 shares during the period. Institutional investors own 73.80% of the company’s stock.

About CLEAR Secure

(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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