Shares of Clear Secure, Inc. (NYSE:YOU – Get Free Report) 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.
Get Our Latest Report on Clear Secure
Insider Activity at Clear Secure
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 – Get Free Report) 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.
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