CLEAR Secure (NYSE:YOU) CAO Dennis Liu Sells 2,104 Shares

by · The Markets Daily

CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) CAO Dennis Liu sold 2,104 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the sale, the chief accounting officer directly 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 available at 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 Performance

Shares of YOU traded up $0.64 during mid-day trading on Thursday, reaching $44.67. The company had a trading volume of 1,360,597 shares, compared to its average volume of 1,812,356. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.39 and a beta of 1.04. The company’s 50 day simple moving average is $51.05 and its 200 day simple moving average is $51.17. CLEAR Secure, Inc. has a 1-year low of $29.43 and a 1-year high of $69.07.

CLEAR Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business had revenue of $277.76 million during the quarter, compared to the consensus estimate of $269.71 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, equities analysts forecast that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

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

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently made changes to their positions in YOU. One Capital Management LLC acquired a new stake in shares of CLEAR Secure during the fourth quarter worth $1,270,000. Ashford Capital Management Inc. lifted its holdings in CLEAR Secure by 97.5% in the first quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock valued at $25,816,000 after buying an additional 263,218 shares during the period. Jupiter Asset Management Ltd. boosted its position in CLEAR Secure by 260.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after acquiring an additional 635,400 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in CLEAR Secure during the 2nd quarter worth about $82,542,000. Finally, Future Fund LLC acquired a new stake in CLEAR Secure during the 4th quarter worth about $1,270,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on YOU shares. DA Davidson reduced their price objective on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. JPMorgan Chase & Co. began coverage on CLEAR Secure in a research note on Monday, August 24th. They issued an “overweight” rating and a $55.00 price objective for the company. Finally, Telsey Advisory Group raised their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.71.

Read Our Latest Stock Report on YOU

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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