Clear Secure (NYSE:YOU) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Clear Secure (NYSE:YOU - Free Report) had its price target boosted by Telsey Advisory Group from $34.00 to $42.00 in a research note published on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on YOU. The Goldman Sachs Group lifted 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. Needham & Company LLC increased their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus boosted their target price on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday. 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 stock. According to MarketBeat, Clear Secure currently has a consensus rating of "Hold" and an average price target of $31.83.

Clear Secure Stock Up 0.2 %

Shares of YOU traded up $0.06 during midday trading on Friday, reaching $36.84. The company had a trading volume of 2,311,419 shares, compared to its average volume of 1,686,016. The firm has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $24.13. The stock has a market cap of $5.13 billion, a PE ratio of 47.23 and a beta of 1.65. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.04.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $0.05 earnings per share. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.36%. Clear Secure's dividend payout ratio is 51.28%.

Insiders Place Their Bets

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now owns 34,227 shares of the company's stock, valued at $755,732.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,173,935 shares of company stock worth $36,826,532 over the last 90 days. Corporate insiders own 37.85% of the company's stock.

Institutional Trading of Clear Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of YOU. Allspring Global Investments Holdings LLC increased its stake in Clear Secure by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company's stock valued at $411,000 after purchasing an additional 1,631 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Clear Secure in the 1st quarter valued at $238,000. Janney Montgomery Scott LLC raised its stake in Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company's stock worth $22,791,000 after acquiring an additional 695,418 shares in the last quarter. Capstone Investment Advisors LLC lifted its position in Clear Secure by 167.3% in the first quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company's stock valued at $2,399,000 after acquiring an additional 70,597 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Clear Secure by 425.7% in the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company's stock valued at $5,129,000 after acquiring an additional 193,889 shares in the last quarter. 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.