Clear Secure, Inc. (NYSE:YOU) Receives $32.67 Average PT from Brokerages

Clear Secure, Inc. (NYSE:YOU) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.67.

A number of equities research analysts have weighed in on the stock. Wedbush reissued a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday. Finally, Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 37.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in shares of Clear Secure in the 3rd quarter worth approximately $62,950,000. FMR LLC raised its stake in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp lifted its position in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after acquiring an additional 1,066,400 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in Clear Secure by 303.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after acquiring an additional 902,436 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Down 1.4 %

NYSE YOU opened at $25.61 on Friday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 29.78 and a beta of 1.43. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.88. The business’s fifty day moving average is $30.33 and its 200 day moving average is $26.63.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, research analysts anticipate that Clear Secure will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a dividend of $0.125 per share. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, December 10th. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

About Clear Secure

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.