Clear Secure, Inc. (NYSE:YOU) Given Average Recommendation of “Moderate Buy” by Analysts

Clear Secure, Inc. (NYSE:YOU) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $35.20.

A number of equities analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Stifel Nicolaus upped their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in YOU. Foundry Partners LLC boosted its stake in Clear Secure by 667.5% during the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock valued at $7,086,000 after purchasing an additional 185,957 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Clear Secure during the third quarter valued at approximately $2,010,000. New York State Teachers Retirement System boosted its position in shares of Clear Secure by 402.1% during the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock valued at $1,272,000 after buying an additional 30,733 shares during the last quarter. Meritage Portfolio Management grew its holdings in Clear Secure by 108.8% during the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock worth $1,208,000 after buying an additional 18,994 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Clear Secure by 68.8% in the 2nd quarter. AQR Capital Management LLC now owns 453,262 shares of the company’s stock valued at $8,481,000 after buying an additional 184,795 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Up 4.1 %

NYSE YOU opened at $26.66 on Friday. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 31.00 and a beta of 1.43. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.88. The stock has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $26.69.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data 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 return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same period in the prior year, the firm earned $0.20 earnings per share. Clear Secure’s revenue was up 23.7% compared to the same quarter last year. Research analysts expect that Clear Secure will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were paid a dividend of $0.125 per share. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure’s dividend payout ratio is 58.14%.

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.