Clear Secure's (YOU) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Clear Secure (NYSE:YOU - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a $45.00 price objective on the stock.

A number of other research analysts have also issued reports on the company. Wedbush restated a "neutral" rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Finally, Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $32.67.

Clear Secure Stock Performance

Shares of YOU stock traded down $0.41 on Monday, hitting $25.97. The stock had a trading volume of 1,943,032 shares, compared to its average volume of 1,790,276. The stock's 50 day moving average is $30.84 and its 200-day moving average is $26.51. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 30.66 and a beta of 1.43. Clear Secure has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company 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 was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Equities analysts expect that Clear Secure will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is 58.14%.

Insider Buying and Selling at Clear Secure

In other news, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total value of $4,956,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 550,000 shares of company stock worth $18,143,000 over the last 90 days. Insiders own 37.85% of the company's stock.

Hedge Funds Weigh In On Clear Secure

Several large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Clear Secure during the 3rd quarter worth about $26,000. Future Financial Wealth Managment LLC bought a new position in Clear Secure during the third quarter valued at about $33,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure in the 2nd quarter valued at approximately $26,000. KBC Group NV bought a new stake in shares of Clear Secure in the 3rd quarter worth approximately $90,000. Finally, NBC Securities Inc. acquired a new stake in shares of Clear Secure during the 3rd quarter worth approximately $105,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.