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

Needham & Company LLC restated their buy rating on shares of Clear Secure (NYSE:YOU) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $45.00 price target on the stock.

Other equities research analysts have also issued research reports about the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus cut their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Price Performance

YOU opened at $26.56 on Monday. The company has a 50 day simple moving average of $24.36 and a two-hundred day simple moving average of $28.05. The firm has a market cap of $3.64 billion, a P/E ratio of 30.89 and a beta of 1.37. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in Clear Secure during the third quarter valued at approximately $2,010,000. Thrivent Financial for Lutherans bought a new position in shares of Clear Secure during the 3rd quarter valued at approximately $2,401,000. FMR LLC grew its holdings 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 purchasing an additional 1,547,692 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Clear Secure in the fourth quarter worth $37,697,000. Finally, Principal Financial Group Inc. raised its stake in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after purchasing an additional 466,901 shares in the last quarter. Hedge funds and other 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.