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

Shares of Clear Secure, Inc. (NYSE:YOU - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.67.

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

Clear Secure Stock Performance

YOU traded down $0.61 on Friday, hitting $26.37. 981,865 shares of the company were exchanged, compared to its average volume of 1,892,769. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $26.51. The stock has a market capitalization of $3.68 billion, a PE ratio of 30.66 and a beta of 1.43.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly 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). The business had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. On average, equities analysts expect that Clear Secure will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This is a boost from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.90%. Clear Secure's payout ratio is 58.14%.

Insider Activity

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock in a transaction on Monday, September 16th. The shares were sold at an average price of $31.04, for a total value of $3,804,852.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 have sold 672,579 shares of company stock worth $21,947,852 over the last ninety days. Corporate insiders own 37.85% of the company's stock.

Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Clear Secure by 968.0% in the second quarter. CWM LLC now owns 7,252 shares of the company's stock worth $136,000 after purchasing an additional 6,573 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Clear Secure by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 477,605 shares of the company's stock valued at $8,936,000 after acquiring an additional 35,426 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Clear Secure in the 2nd quarter valued at $252,000. Arkadios Wealth Advisors acquired a new position in shares of Clear Secure in the second quarter valued at about $232,000. Finally, Panagora Asset Management Inc. lifted its stake in Clear Secure by 6.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 180,712 shares of the company's stock valued at $3,381,000 after acquiring an additional 11,720 shares during the period. Hedge funds and other institutional investors own 73.80% of the company's stock.

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.