Clear Secure (NYSE:YOU) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Clear Secure (NYSE:YOU) in a report released on Monday,Benzinga reports. They currently have a $45.00 price target on the stock.

Several other research analysts have also commented on YOU. Stifel Nicolaus dropped their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Clear Secure has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Price Performance

NYSE:YOU opened at $26.56 on Monday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 30.89 and a beta of 1.37. The business has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $28.05. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. Clear Secure’s payout ratio is 32.47%.

Institutional Trading of Clear Secure

Large investors have recently made changes to their positions in the stock. Harbour Investments Inc. lifted its holdings in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after buying an additional 450 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Clear Secure by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company’s stock valued at $590,000 after acquiring an additional 461 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Clear Secure by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company’s stock valued at $843,000 after purchasing an additional 509 shares during the period. Commonwealth Equity Services LLC raised its position in Clear Secure by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company’s stock valued at $499,000 after purchasing an additional 612 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. 73.80% of the stock is 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.