Clear Secure, Inc. (NYSE:YOU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Clear Secure, Inc. (NYSE:YOU) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $28.40.

A number of research firms have weighed in on YOU. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, May 15th. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research report on Thursday, May 9th.

Institutional Investors Weigh In On Clear Secure

Hedge funds have recently bought and sold shares of the business. Montag A & Associates Inc. bought a new position in Clear Secure during the first quarter valued at $26,000. Quarry LP increased its position in Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Clear Secure during the third quarter valued at $68,000. Aigen Investment Management LP bought a new position in Clear Secure during the third quarter valued at $192,000. Finally, Russell Investments Group Ltd. increased its position in Clear Secure by 56.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock valued at $211,000 after acquiring an additional 3,683 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Down 0.6 %

Shares of NYSE YOU opened at $18.71 on Friday. The firm has a 50 day moving average of $17.71 and a 200 day moving average of $19.27. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 33.41 and a beta of 1.55. Clear Secure has a 12-month low of $15.28 and a 12-month high of $27.75.

Clear Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.13. The company had revenue of $179.05 million during the quarter, compared to analyst estimates of $173.28 million. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. Sell-side analysts predict that Clear Secure will post 0.82 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were paid a dividend of $0.10 per share. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.14%. Clear Secure’s dividend payout ratio is presently 71.43%.

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.