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

Shares of Clear Secure, Inc. (NYSE:YOU) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.20.

YOU has been the topic of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group raised their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC upped their price target on Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Insider Activity at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Clear Secure by 56.5% during the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after purchasing an additional 1,066,400 shares during the last quarter. Millennium Management LLC grew its position in Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after purchasing an additional 757,528 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Clear Secure by 303.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after buying an additional 902,436 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Clear Secure by 278.3% in the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after buying an additional 808,515 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Down 1.5 %

Shares of YOU stock opened at $35.48 on Friday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 45.49 and a beta of 1.65. Clear Secure has a 12 month low of $16.05 and a 12 month high of $37.90. The stock has a 50-day moving average price of $31.83 and a 200 day moving average price of $23.65.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $183.78 million. During the same quarter in the previous year, the company earned $0.05 EPS. Clear Secure’s revenue was up 24.6% on a year-over-year basis. Sell-side analysts predict that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio is currently 51.28%.

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.