Clear Secure (NYSE:YOU) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Clear Secure (NYSE:YOU) in a research note published on Thursday morning,Benzinga reports. They currently have a $42.00 price objective on the stock.

A number of other research firms also recently issued reports on YOU. Wedbush restated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Clear Secure has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Price Performance

Shares of Clear Secure stock opened at $22.63 on Thursday. The firm has a market cap of $3.15 billion, a PE ratio of 26.31 and a beta of 1.38. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a fifty day moving average price of $24.89 and a 200-day moving average price of $28.44.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Hedge Funds Weigh In On Clear Secure

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in shares of Clear Secure in the third quarter worth $26,000. GAMMA Investing LLC increased its position in shares of Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the period. Huntington National Bank purchased a new stake in shares of Clear Secure in the fourth quarter worth about $35,000. SRS Capital Advisors Inc. lifted its holdings in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after buying an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after acquiring an additional 2,276 shares during the period. 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.