Clear Secure, Inc. focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform using biometric data in the United States. The company's secure identity platform uses biometrics to automate the identity verification process through CLEAR lanes in airports. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking; and robust, secure, and scalable back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable and fast experiences through entry lanes in airport security checkpoints across the nation, as well as a broader network; CLEAR app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device; and CLEAR Pass for CBP Mobile Passport Control, a mobile app that enables digital submission of U.S. Customs and Border Protection forms and U.S. entry through the mobile passport control lane. Clear Secure, Inc. was incorporated in 2021 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: clearme.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $40.00 → $45.00 | Buy | Needham |
| 12/20/2023 | $20.00 | Equal Weight → Underweight | Wells Fargo |
| 10/17/2023 | $24.00 | Buy | Goldman |
| 7/5/2023 | $30.00 | Neutral | JP Morgan |
| 6/6/2023 | $27.00 | Neutral | Wedbush |
| 5/26/2023 | $28.00 | Hold | Stifel |
| 2/23/2023 | $40.00 | Buy | Needham |
| 8/13/2021 | $50.00 → $62.00 | Outperform | Telsey Advisory Group |
| 8/3/2021 | $52.00 | Overweight → Neutral | JP Morgan |
| 7/26/2021 | $44.00 | Hold | Loop Capital |
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), the secure identity platform, is extending its partnership with American Express for its second one year renewal term. CLEAR and American Express entered into the partnership in 2019, which provides eligible American Express Card Members who enroll in CLEAR, and pay using their qualifying American Express credit cards, up to $199 in annual statement credits for their CLEAR Plus Membership. CLEAR Plus offers Members a faster, more predictable airport experience across its nationwide network by enabling them to verify their identity in seconds with CLEAR's latest face-first technology. American Express U.S. Card Members with the
NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), an official TSA PreCheck® enrollment provider, continues to expand locations to enroll and renew consumers in the Trusted Traveler program by opening five new locations. CLEAR now has 58 TSA PreCheck enrollment locations open across the U.S. The launch of the enrollment location at these five airports represent the ongoing expansion of CLEAR's national TSA PreCheck enrollment footprint. Throughout 2025, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals. The five new airport locations include: Sarasota Bradenton Internati
NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening new locations at Sawgrass Mills®, The Florida Mall®, The Galleria™, and Lenox Square®. These locations–in Sunrise; Florida; Orlando, Florida; Houston, Texas; and Atlanta, Georgia–are owned by Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations. This marks CLEAR's first non-airport location in these areas for TSA PreCheck enrollment and renewal services, complementing
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), the secure identity platform, today announced that Ken Cornick, Co-Founder, President, and Chief Financial Officer, is stepping down from his executive positions and will transition to an advisory role. Cornick helped bring CLEAR's vision of a global secure identity platform to life – starting in travel and expanding into enterprises to make experiences safer and easier both physically and digitally. In 2010, CLEAR started with just 190,000 Members and today has over 30 million Members on our secure identity platform. CLEAR has named Michael Barkin as President, effective March 31, 2025. Barkin has served on CLEAR's Board of Di
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU), the secure identity platform, has posted a shareholder letter containing its 2024 fourth quarter and full year financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com. About CLEARCLEAR's mis
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR's first non-airport location in San Juan for TSA PreCheck enrollment and renewal services, complementing its 55 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through CLEAR are also available at select Staples stores nationwide. The launch of this new enrollment location represents the ongoing expansion of CL
NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a quarterly dividend of $0.125 per share, and a special cash dividend of $0.27 per share, each payable on March 18, 2025 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on March 10, 2025. The Company will fund the payment of the dividends from proportionate cash distributions made by Alclear Holdings, LLC to all of its members, including the Company. The distributions consist of a mandatory tax distribution as well as a discretionary distribution. In addition, the Company a
NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU), the secure identity company, today announced that it will report financial results for the fourth quarter and full year ending December 31, 2024 at approximately 6:00 a.m. ET on Wednesday, February 26, 2025. At 8:00 a.m. ET, results will be discussed via live webcast and teleconference. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com. About
Out-of-the-box integration will unlock a reusable, connected health identity that simplifies patient identity verification and enhances security of sensitive health information Integration launches alongside new "Identity Verification for MyChart" Toolbox category under construction NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), the secure identity company, announced today that its identity verification integration is now under construction in Epic Toolbox. By integrating with Epic, CLEAR joins Epic's new "Identity Verification for MyChart" category, empowering both patients and providers with a trusted identity solution. When this integration is available, health systems
PORTLAND, ORE. and NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Today, CLEAR (NYSE:YOU), the secure identity company, is launching its identity verification technology at Portland International Airport (PDX), bringing frictionless and predictable travel experiences to Oregon. CLEAR's launch at PDX is expected to create 53 jobs and generate over $3 million annually in local economic impact. "We are thrilled to welcome CLEAR, a world class service, to a world class airport! This valuable addition is now available to travelers at PDX, meeting the growing demand for convenience while upholding the city's commitment to consumer rights and responsible technology use," said Portland Metro Chamb
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE:YOU), the secure identity platform, today announced that Ken Cornick, Co-Founder, President, and Chief Financial Officer, is stepping down from his executive positions and will transition to an advisory role. Cornick helped bring CLEAR's vision of a global secure identity platform to life – starting in travel and expanding into enterprises to make experiences safer and easier both physically and digitally. In 2010, CLEAR started with just 190,000 Members and today has over 30 million Members on our secure identity platform. CLEAR has named Michael Barkin as President, effective March 31, 2025. Barkin has served on CLEAR's Board of Di
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
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NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU), the secure identity platform, has posted a shareholder letter containing its 2024 fourth quarter and full year financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com. About CLEARCLEAR's mis
NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a quarterly dividend of $0.125 per share, and a special cash dividend of $0.27 per share, each payable on March 18, 2025 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on March 10, 2025. The Company will fund the payment of the dividends from proportionate cash distributions made by Alclear Holdings, LLC to all of its members, including the Company. The distributions consist of a mandatory tax distribution as well as a discretionary distribution. In addition, the Company a
NEW YORK, Nov. 7, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU), the secure identity company, has posted a shareholder letter containing its 2024 third quarter financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 800-715-9871 for U.S. participants and +1-646-307-1963 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after t
NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.125 per share, payable on December 17, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on December 10, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary. The declaration, timing and amount of any future dividends will be subject to the discretion and approv
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU), the secure identity company, has posted a shareholder letter containing its 2024 second quarter financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1 215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after
NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.10 per share, payable on September 17, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on September 10, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary. The declaration, timing and amount of any future dividends will be subject to the discretion and approv
NEW YORK, May 8, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU), the secure identity company, has posted a shareholder letter containing its 2024 first quarter financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 888-645-4404 for U.S. participants and +1 862-298-0702 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after th
NEW YORK, May 7, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.10 per share, payable on June 18, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on June 10, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary. The declaration, timing and amount of any future dividends will be subject to the discretion and approval of the B
NEW YORK, March 21, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") authorized a $100 million increase to its existing Class A Common Stock share repurchase program. During the first quarter of 2024, the Company used $84.9 million to repurchase and retire 4.4 million shares of Class A Common Stock at an average price of $19.22. Including the $100 million increase announced today, approximately $141 million in aggregate remains available under the repurchase authorization. "Capital allocatio
NEW YORK, March 21, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE:YOU) ("CLEAR" or the "Company") today announced the declaration of a special cash dividend in the amount of $0.32 per share payable on April 8, 2024 to holders of record of the Class A Common Stock and Class B Common Stock as of the close of business on April 1, 2024. The Company is funding the payment of the special cash dividend with cash received from pro rata cash distributions made by Alclear Holdings, LLC to all of its members, including the Company. The distributions consist of a mandatory tax distributio
Needham reiterated coverage of Clear Secure with a rating of Buy and set a new price target of $45.00 from $40.00 previously
Wells Fargo downgraded Clear Secure from Equal Weight to Underweight and set a new price target of $20.00
Goldman initiated coverage of Clear Secure with a rating of Buy and set a new price target of $24.00
JP Morgan resumed coverage of Clear Secure with a rating of Neutral and set a new price target of $30.00
Wedbush initiated coverage of Clear Secure with a rating of Neutral and set a new price target of $27.00
Stifel resumed coverage of Clear Secure with a rating of Hold and set a new price target of $28.00
Needham initiated coverage of Clear Secure with a rating of Buy and set a new price target of $40.00
Telsey Advisory Group reiterated coverage of Clear Secure with a rating of Outperform and set a new price target of $62.00 from $50.00 previously
JP Morgan downgraded Clear Secure from Overweight to Neutral and set a new price target of $52.00
Loop Capital initiated coverage of Clear Secure with a rating of Hold and set a new price target of $44.00