Clear Secure’s (YOU) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Clear Secure (NYSE:YOU) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $45.00 target price on the stock.

YOU has been the subject of several other reports. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research report on Friday, February 21st. Wedbush reiterated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Clear Secure presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Stock Performance

Shares of NYSE YOU opened at $23.70 on Thursday. Clear Secure has a 52-week low of $16.05 and a 52-week high of $38.88. The firm has a 50 day moving average price of $24.84 and a two-hundred day moving average price of $28.43. The stock has a market cap of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio is presently 58.14%.

Hedge Funds Weigh In On Clear Secure

Hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Clear Secure during the third quarter worth $26,000. GAMMA Investing LLC increased its stake in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank bought a new stake in Clear Secure in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. increased its stake in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after purchasing an additional 2,276 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Company Profile

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.