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

Shares of Clear Secure, Inc. (NYSE:YOU) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.67.

A number of equities analysts have issued reports on the company. Telsey Advisory Group increased 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. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

Clear Secure Trading Up 1.1 %

Shares of Clear Secure stock opened at $26.18 on Wednesday. The stock’s fifty day simple moving average is $32.46 and its 200 day simple moving average is $25.50. The company has a market capitalization of $3.65 billion, a PE ratio of 30.44 and a beta of 1.63. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts predict that Clear Secure will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.91%. Clear Secure’s dividend payout ratio is currently 46.51%.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,006,435 shares of company stock valued at $32,173,077. 37.85% of the stock is owned by insiders.

Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after purchasing an additional 1,111,330 shares during the period. FMR LLC boosted 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 worth $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. State Street Corp increased its stake in Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the last quarter. Renaissance Technologies LLC raised its position in Clear Secure by 56.5% during the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after purchasing an additional 1,066,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after purchasing an additional 141,208 shares during the last quarter. Institutional investors and hedge funds 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.