Clear Secure (NYSE:YOU) Given New $32.00 Price Target at Stifel Nicolaus

Clear Secure (NYSE:YOU - Free Report) had its target price increased by Stifel Nicolaus from $24.00 to $32.00 in a research note released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Other research analysts also recently issued reports about the stock. Needham & Company LLC boosted their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their price target 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 restated an "outperform" rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.50.

Clear Secure Stock Up 1.8 %

Shares of NYSE YOU traded up $0.63 during trading hours on Monday, reaching $36.11. 1,129,065 shares of the stock traded hands, compared to its average volume of 1,681,378. The company's 50-day simple moving average is $32.00 and its two-hundred day simple moving average is $23.82. The company has a market capitalization of $5.03 billion, a P/E ratio of 46.29 and a beta of 1.65. Clear Secure has a 52-week low of $16.05 and a 52-week high of $37.90.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. During the same quarter in the previous year, the company posted $0.05 EPS. Clear Secure's revenue for the quarter was up 24.6% on a year-over-year basis. As a group, sell-side analysts forecast that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. Clear Secure's dividend payout ratio is currently 51.28%.

Insider Transactions at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $5,112,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of the business's stock in a transaction 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. Over the last three months, insiders have sold 1,173,935 shares of company stock valued at $36,826,532. Insiders own 37.85% of the company's stock.

Institutional Trading of Clear Secure

Institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR purchased a new position in shares of Clear Secure in the 3rd quarter worth $220,000. Rice Hall James & Associates LLC lifted its holdings in Clear Secure by 14.6% in the third quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company's stock valued at $45,557,000 after acquiring an additional 175,021 shares during the period. New York State Teachers Retirement System boosted its position in Clear Secure by 402.1% in the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock worth $1,272,000 after purchasing an additional 30,733 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Clear Secure during the 3rd quarter valued at about $203,000. Finally, Smith Group Asset Management LLC increased its position in shares of Clear Secure by 25.0% during the 3rd quarter. Smith Group Asset Management LLC now owns 27,492 shares of the company's stock valued at $911,000 after purchasing an additional 5,505 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

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.