Clear Secure, Inc. (NYSE:YOU) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Clear Secure, Inc. (NYSE:YOU) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $32.67.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Wedbush restated a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group raised their price target on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus raised 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. Finally, The Goldman Sachs Group raised their price target on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Insider Activity

In related news, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now owns 7,056 shares of the company’s stock, valued at $202,083.84. This represents a 77.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $46,575.00. Following the sale, the chief accounting officer now directly owns 7,211 shares in the company, valued at $223,901.55. This trade represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,006,435 shares of company stock worth $32,173,077 over the last ninety days. Corporate insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in YOU. Swiss National Bank raised its stake in shares of Clear Secure by 1.3% during the 1st quarter. Swiss National Bank now owns 150,900 shares of the company’s stock valued at $3,210,000 after buying an additional 1,900 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Clear Secure by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 14,939 shares of the company’s stock valued at $318,000 after buying an additional 1,327 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Clear Secure during the 1st quarter valued at about $837,000. Finally, Quadrature Capital Ltd raised its stake in shares of Clear Secure by 4.7% during the 1st quarter. Quadrature Capital Ltd now owns 45,446 shares of the company’s stock valued at $967,000 after buying an additional 2,039 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Up 2.4 %

Shares of YOU opened at $26.36 on Wednesday. The business’s fifty day simple moving average is $32.66 and its two-hundred day simple moving average is $25.32. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 30.65 and a beta of 1.63.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts forecast that Clear Secure will post 1.01 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently disclosed 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 1.90%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure’s payout ratio is presently 58.14%.

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.