Needham & Company LLC restated their buy rating on shares of Clear Secure (NYSE:YOU – Free Report) in a research note published on Monday morning,Benzinga reports. Needham & Company LLC currently has a $45.00 price target on the stock.
A number of other analysts have also recently weighed in on YOU. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group upped their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.67.
Read Our Latest Research Report on YOU
Clear Secure Stock Performance
Clear Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, analysts forecast that Clear Secure will post 0.98 earnings per share for the current year.
Clear Secure Increases Dividend
The company 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 dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is currently 58.14%.
Insider Activity at Clear Secure
In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.85% of the stock is owned by insiders.
Institutional Investors Weigh In On Clear Secure
Several institutional investors have recently made changes to their positions in YOU. Lord Abbett & CO. LLC acquired a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $20,243,000. Franklin Resources Inc. increased its stake in Clear Secure by 10.9% in the 3rd quarter. Franklin Resources Inc. now owns 46,175 shares of the company’s stock valued at $1,612,000 after purchasing an additional 4,527 shares in the last quarter. Tidal Investments LLC purchased a new position in Clear Secure in the 3rd quarter valued at approximately $1,026,000. Sanctuary Advisors LLC acquired a new position in Clear Secure during the third quarter worth $965,000. Finally, Virtu Financial LLC purchased a new stake in Clear Secure during the third quarter worth $480,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.
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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