Clear Secure, Inc. (NYSE:YOU) Receives $32.67 Consensus Price Target from Brokerages

Clear Secure, Inc. (NYSE:YOU - Get Free Report) has earned a consensus recommendation of "Hold" from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $32.67.

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

Insider Transactions at Clear Secure

In other Clear Secure 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 transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the sale, the chief accounting officer now owns 7,211 shares of the company's stock, valued at approximately $223,901.55. The trade was a 17.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,006,435 shares of company stock valued at $32,173,077 in the last 90 days. 37.85% of the stock is currently owned by company insiders.

Institutional Trading of Clear Secure

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in Clear Secure in the third quarter valued at approximately $62,950,000. FMR LLC lifted its position in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp grew its stake in shares of Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Vanguard Group Inc. raised its stake in Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company's stock valued at $224,866,000 after buying an additional 1,111,330 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock worth $55,271,000 after buying an additional 1,066,400 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Up 1.6 %

Clear Secure stock traded up $0.42 during trading on Wednesday, hitting $26.78. The stock had a trading volume of 1,422,690 shares, compared to its average volume of 1,784,405. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 30.65 and a beta of 1.63. The stock's 50 day moving average is $32.66 and its two-hundred day moving average is $25.32.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same period in the previous year, the business posted $0.20 EPS. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts anticipate that Clear Secure will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is 46.51%.

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.