Clear Secure (NYSE:YOU) Given New $42.00 Price Target at Telsey Advisory Group

Clear Secure (NYSE:YOU) had its price target raised by Telsey Advisory Group from $34.00 to $42.00 in a research note published on Friday, Benzinga reports. Telsey Advisory Group currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group lifted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC upped their price target on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.83.

Clear Secure Stock Performance

Shares of YOU opened at $34.77 on Friday. The stock’s 50-day simple moving average is $32.82 and its 200 day simple moving average is $24.44. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 44.58 and a beta of 1.63. Clear Secure has a 52-week low of $16.05 and a 52-week high of $38.04.

Clear Secure (NYSE:YOU) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. During the same period in the prior year, the company earned $0.05 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, research analysts forecast that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.44%. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio (DPR) is currently 64.10%.

Insider Activity at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total value of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares of the company’s stock, valued at approximately $722,698.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total value of $202,800.00. Following the sale, the insider now directly owns 26,727 shares of the company’s stock, valued at $722,698.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold 1,164,935 shares of company stock worth $36,623,387 over the last 90 days. 37.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clear Secure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YOU. Hsbc Holdings PLC boosted its position in shares of Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock worth $1,467,000 after acquiring an additional 409 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Clear Secure by 2.0% in the second quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after purchasing an additional 582 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock worth $222,000 after buying an additional 681 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Clear Secure during the 3rd quarter valued at approximately $26,000. Finally, Brown Lisle Cummings Inc. increased its stake in Clear Secure by 11.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after acquiring an additional 900 shares during 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.