Clear Secure (NYSE:YOU) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Clear Secure (NYSE:YOU) in a research note released on Friday, Benzinga reports. Needham & Company LLC currently has a $40.00 price objective on the stock.

Several other brokerages have also recently commented on YOU. Telsey Advisory Group reaffirmed an outperform rating and issued a $34.00 target price on shares of Clear Secure in a research report on Thursday, May 9th. Wedbush reaffirmed a neutral rating and set a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Clear Secure currently has an average rating of Hold and a consensus price target of $28.40.

Clear Secure Trading Up 0.4 %

YOU stock opened at $19.93 on Friday. Clear Secure has a one year low of $15.28 and a one year high of $27.75. The firm has a 50-day moving average of $18.27 and a two-hundred day moving average of $19.02. The firm has a market capitalization of $2.89 billion, a PE ratio of 35.59 and a beta of 1.58.

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

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, June 10th. Clear Secure’s dividend payout ratio (DPR) is currently 71.43%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Montag A & Associates Inc. acquired a new stake in shares of Clear Secure during the 1st quarter valued at about $26,000. Quarry LP grew its position in Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after acquiring an additional 1,163 shares in the last quarter. CWM LLC raised its holdings in shares of Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after purchasing an additional 6,573 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Clear Secure by 108.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 7,545 shares of the company’s stock valued at $156,000 after purchasing an additional 3,928 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in Clear Secure by 11.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after purchasing an additional 900 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

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.