Analysts Set Clear Secure, Inc. (NYSE:YOU) PT at $32.67

Clear Secure, Inc. (NYSE:YOU) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.67.

YOU has been the subject of several research analyst reports. Wedbush reaffirmed 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. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday. Telsey Advisory Group raised their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

Clear Secure Stock Performance

NYSE:YOU opened at $26.67 on Friday. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88. The firm’s fifty day moving average is $30.63 and its 200-day moving average is $26.64. The firm has a market cap of $3.72 billion, a P/E ratio of 31.01 and a beta of 1.43.

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

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is currently 58.14%.

Insider Buying and Selling

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clear Secure

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its position in Clear Secure by 968.0% in the second quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after acquiring an additional 6,573 shares during the period. Bank of New York Mellon Corp lifted its stake in Clear Secure by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 477,605 shares of the company’s stock valued at $8,936,000 after purchasing an additional 35,426 shares during the last quarter. Legato Capital Management LLC bought a new position in Clear Secure during the second quarter valued at $252,000. Arkadios Wealth Advisors bought a new stake in shares of Clear Secure in the second quarter valued at $232,000. Finally, Panagora Asset Management Inc. lifted its position in shares of Clear Secure by 6.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 180,712 shares of the company’s stock valued at $3,381,000 after buying an additional 11,720 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

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.