Clear Secure (NYSE:YOU) Price Target Raised to $42.00

Clear Secure (NYSE:YOU) had its price objective lifted by Telsey Advisory Group from $34.00 to $42.00 in a report released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

YOU has been the topic of several other research reports. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group upped their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC boosted their target price on Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.83.

Clear Secure Trading Up 0.2 %

NYSE:YOU opened at $36.84 on Friday. The stock’s 50-day moving average is $32.71 and its 200-day moving average is $24.33. The stock has a market cap of $5.13 billion, a P/E ratio of 47.23 and a beta of 1.63. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.04.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities analysts forecast that Clear Secure will post 1.01 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is 64.10%.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction dated 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. Insiders sold a total of 1,173,935 shares of company stock valued at $36,826,532 in the last quarter. Corporate insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Clear Secure by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock valued at $411,000 after acquiring an additional 1,631 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Clear Secure in the 1st quarter valued at approximately $238,000. Janney Montgomery Scott LLC increased its stake in shares of Clear Secure by 184.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after acquiring an additional 695,418 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in shares of Clear Secure by 167.3% during the first quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company’s stock valued at $2,399,000 after purchasing an additional 70,597 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Clear Secure by 425.7% during the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after buying an additional 193,889 shares in the last quarter. 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.