Clear Secure, Inc. (NYSE:YOU) Given Consensus Recommendation of “Hold” by Analysts

Clear Secure, Inc. (NYSE:YOU) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers 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 YOU shares. Wedbush reiterated a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. 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. Telsey Advisory Group boosted their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Friday, November 8th.

Insider Transactions at Clear Secure

In other Clear Secure news, CFO Kenneth L. Cornick sold 79,935 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total value of $716,000.00. Following the completion of the sale, the director now owns 7,056 shares of the company’s stock, valued at approximately $202,083.84. This trade represents a 77.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,006,435 shares of company stock worth $32,173,077. 37.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Clear Secure in the 3rd quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Clear Secure in the 3rd quarter worth approximately $33,000. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure during the 2nd quarter valued at approximately $26,000. KBC Group NV bought a new position in Clear Secure during the 3rd quarter valued at approximately $90,000. Finally, NBC Securities Inc. bought a new position in Clear Secure during the 3rd quarter valued at approximately $105,000. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Up 2.4 %

NYSE:YOU opened at $26.36 on Wednesday. The stock’s 50-day simple moving average is $32.66 and its 200 day simple moving average is $25.32. The firm has a market capitalization of $3.67 billion, a PE ratio of 30.65 and a beta of 1.63. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.88.

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, analysts anticipate that Clear Secure will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is a boost 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 1.90%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is presently 58.14%.

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.