Clear Secure (NYSE:YOU) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Clear Secure (NYSE:YOU) in a report released on Friday,Benzinga reports. Telsey Advisory Group currently has a $42.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Stifel Nicolaus raised 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. Finally, Wedbush reissued a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Clear Secure presently has an average rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Price Performance

Clear Secure stock opened at $23.58 on Friday. Clear Secure has a one year low of $16.05 and a one year high of $38.88. The stock has a market capitalization of $3.29 billion, a PE ratio of 27.42 and a beta of 1.38. The business’s fifty day moving average is $25.12 and its 200 day moving average is $28.48.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.12%. Clear Secure’s payout ratio is 58.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Vanguard Group Inc. lifted its position in shares of Clear Secure by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock valued at $333,718,000 after buying an additional 473,207 shares in the last quarter. FMR LLC lifted its position in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Clear Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after buying an additional 501,000 shares in the last quarter. State Street Corp lifted its position in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Clear Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after buying an additional 1,422,999 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

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.