Clear Secure, Inc. (NYSE:YOU) Receives $30.20 Average Price Target from Analysts

Clear Secure, Inc. (NYSE:YOU - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.20.

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Finally, Needham & Company LLC increased their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, October 17th.

Insiders Place Their Bets

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the company'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 value of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at approximately $255,581.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,173,935 shares of company stock valued at $36,826,532 in the last 90 days. 37.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Clear Secure during the third quarter worth about $33,000. Montag A & Associates Inc. purchased a new stake in shares of Clear Secure during the 1st quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure in the second quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in Clear Secure in the third quarter worth approximately $105,000. Finally, Plato Investment Management Ltd increased its stake in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after acquiring an additional 5,057 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Performance

Shares of YOU traded down $0.54 during trading hours on Friday, hitting $35.48. The stock had a trading volume of 1,511,377 shares, compared to its average volume of 1,683,769. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 63.36 and a beta of 1.65. The firm has a 50-day moving average price of $31.83 and a 200 day moving average price of $23.65. Clear Secure has a fifty-two week low of $16.05 and a fifty-two week high of $37.90.

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

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Clear Secure's payout ratio is currently 71.43%.

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.