Clear Secure (NYSE:YOU) Reaches New 52-Week High at $31.48

Shares of Clear Secure, Inc. (NYSE:YOU) reached a new 52-week high on Monday . The stock traded as high as $31.48 and last traded at $31.06, with a volume of 1051731 shares. The stock had previously closed at $30.30.

Analyst Ratings Changes

Several research firms have recently weighed in on YOU. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $29.20.

Clear Secure Price Performance

The company has a market cap of $4.52 billion, a PE ratio of 58.00 and a beta of 1.65. The business has a 50-day moving average of $25.72 and a 200 day moving average of $21.08.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $183.78 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Clear Secure’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities analysts predict that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s dividend payout ratio is presently 71.43%.

Insider Buying and Selling at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the transaction, the insider now directly owns 34,227 shares of the company’s stock, valued at $755,732.16. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now owns 34,227 shares in the company, valued at $755,732.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 623,935 shares of company stock valued at $18,683,532. Company insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Clear Secure during the 2nd quarter worth $26,000. Cim LLC bought a new stake in Clear Secure during the 2nd quarter valued at $933,000. Truist Financial Corp boosted its position in Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock valued at $544,000 after acquiring an additional 582 shares in the last quarter. Quarry LP boosted its position in Clear Secure by 406.1% during the 2nd quarter. Quarry LP now owns 5,719 shares of the company’s stock valued at $107,000 after acquiring an additional 4,589 shares in the last quarter. Finally, Algert Global LLC boosted its position in Clear Secure by 143.3% during the 2nd quarter. Algert Global LLC now owns 273,967 shares of the company’s stock valued at $5,126,000 after acquiring an additional 161,378 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

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.