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

Needham & Company LLC reissued their buy rating on shares of Clear Secure (NYSE:YOU) in a report issued on Monday morning,Benzinga reports. They currently have a $45.00 target price on the stock.

YOU has been the topic of several other research reports. Stifel Nicolaus boosted their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Telsey Advisory Group increased their price target on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clear Secure has an average rating of “Hold” and a consensus price target of $32.67.

Clear Secure Stock Down 1.5 %

Shares of Clear Secure stock opened at $25.97 on Monday. The firm has a market cap of $3.62 billion, a PE ratio of 30.19 and a beta of 1.43. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88. The business’s fifty day simple moving average is $30.74 and its 200-day simple moving average is $26.57.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. As a group, equities analysts expect that Clear Secure will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure in the third quarter valued at approximately $33,000. University of Texas Texas AM Investment Management Co. purchased a new position in Clear Secure in the second quarter valued at approximately $26,000. KBC Group NV purchased a new position in Clear Secure in the third quarter valued at approximately $90,000. Finally, NBC Securities Inc. acquired a new stake in Clear Secure during the third quarter worth approximately $105,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.