CLEAR Secure, Inc. (NYSE:YOU) Short Interest Down 19.8% in February
by Scott Moore · The Cerbat GemCLEAR Secure, Inc. (NYSE:YOU – Get Free Report) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 10,536,499 shares, a decline of 19.8% from the February 12th total of 13,133,553 shares. Currently, 13.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily trading volume, of 2,916,240 shares, the days-to-cover ratio is presently 3.6 days. Currently, 13.1% of the company’s stock are short sold.
CLEAR Secure Price Performance
Shares of CLEAR Secure stock traded up $1.35 during midday trading on Tuesday, hitting $48.10. The company had a trading volume of 1,123,531 shares, compared to its average volume of 2,179,583. CLEAR Secure has a 1-year low of $23.00 and a 1-year high of $50.46. The business’s 50 day simple moving average is $37.44 and its two-hundred day simple moving average is $35.69. The stock has a market cap of $6.41 billion, a PE ratio of 41.74 and a beta of 1.13.
CLEAR Secure (NYSE:YOU – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, sell-side analysts expect that CLEAR Secure will post 0.98 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 131.0%. CLEAR Secure’s dividend payout ratio (DPR) is currently 53.57%.
Analyst Upgrades and Downgrades
YOU has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Telsey Advisory Group increased their price target on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their price target on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price objective on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.57.
View Our Latest Stock Analysis on YOU
Insider Transactions at CLEAR Secure
In other CLEAR Secure news, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction that occurred on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the completion of the sale, the president directly owned 5,669 shares in the company, valued at $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adam Wiener sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $50.00, for a total transaction of $750,000.00. Following the completion of the sale, the director directly owned 132,634 shares of the company’s stock, valued at $6,631,700. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 111,488 shares of company stock worth $5,069,078. 39.73% of the stock is owned by corporate insiders.
Institutional Trading of CLEAR Secure
Institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its stake in shares of CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after purchasing an additional 323 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of CLEAR Secure by 3.3% during the second quarter. Personal CFO Solutions LLC now owns 10,362 shares of the company’s stock worth $288,000 after buying an additional 332 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CLEAR Secure by 5.0% in the third quarter. GAMMA Investing LLC now owns 7,364 shares of the company’s stock valued at $246,000 after acquiring an additional 351 shares during the last quarter. Oak Associates Ltd. OH boosted its holdings in shares of CLEAR Secure by 0.6% in the 2nd quarter. Oak Associates Ltd. OH now owns 66,706 shares of the company’s stock worth $1,852,000 after acquiring an additional 428 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in CLEAR Secure by 14.0% in the third quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock worth $121,000 after purchasing an additional 447 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
About CLEAR Secure
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.