Brokerages Set Clear Secure, Inc. (NYSE:YOU) Price Target at $32.67

Shares of Clear Secure, Inc. (NYSE:YOU) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One research 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 1 year price target among brokerages that have issued a report on the stock in the last year is $32.67.

Several research firms have weighed in on YOU. Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. Telsey Advisory Group boosted their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wedbush reissued a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Insider Activity at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Z. Barkin sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the completion of the sale, the director now owns 7,056 shares of the company’s stock, valued at approximately $202,083.84. This represents a 77.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,006,435 shares of company stock valued at $32,173,077 over the last three months. 37.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clear Secure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Clear Secure in the third quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure in the third quarter valued at approximately $33,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure in the second quarter valued at approximately $26,000. KBC Group NV purchased a new stake in Clear Secure in the third quarter valued at approximately $90,000. Finally, NBC Securities Inc. purchased a new stake in Clear Secure in the third quarter valued at approximately $105,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Up 1.1 %

Shares of YOU opened at $26.17 on Wednesday. The firm has a market cap of $3.65 billion, a P/E ratio of 30.43 and a beta of 1.63. The company’s 50-day moving average price is $32.46 and its 200 day moving average price is $25.39. 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 earnings results 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). The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Clear Secure will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure’s dividend payout ratio is 46.51%.

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.