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

Clear Secure, Inc. (NYSE:YOU) has earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.67.

Several research analysts have recently weighed in on YOU shares. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Friday, November 8th. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group raised their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In related news, CFO Kenneth L. Cornick sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 981,435 shares of company stock worth $31,457,077 over the last ninety days. Corporate insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

Several hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the 2nd quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Clear Secure during the third quarter worth about $33,000. KBC Group NV purchased a new stake in shares of Clear Secure during the third quarter worth approximately $90,000. Finally, Plato Investment Management Ltd raised its holdings in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Trading Down 1.3 %

YOU stock opened at $26.72 on Wednesday. The firm has a 50-day moving average of $32.37 and a two-hundred day moving average of $25.57. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 31.07 and a beta of 1.63.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. As a group, equities analysts forecast that Clear Secure will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. Clear Secure’s payout ratio is presently 46.51%.

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.