CLEAR Secure, Inc. (NYSE:YOU) Receives $39.33 Consensus Price Target from Analysts

CLEAR Secure, Inc. (NYSE:YOU) has been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.3333.

Several brokerages have recently weighed in on YOU. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Telsey Advisory Group upped their price objective on CLEAR Secure from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. The Goldman Sachs Group increased their target price on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, DA Davidson started coverage on CLEAR Secure in a research note on Tuesday, September 16th. They set a “buy” rating and a $45.00 price objective for the company.

CLEAR Secure Stock Performance

NYSE:YOU opened at $32.94 on Tuesday. The firm’s 50-day moving average is $33.26 and its 200-day moving average is $31.47. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 20.08 and a beta of 1.22. CLEAR Secure has a 52-week low of $21.67 and a 52-week high of $39.00.

CLEAR Secure (NYSE:YOU) last released its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Equities analysts predict that CLEAR Secure will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. CLEAR Secure’s dividend payout ratio (DPR) is 30.49%.

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 8,000 shares of CLEAR Secure stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total transaction of $264,160.00. Following the completion of the transaction, the director directly owned 193,634 shares of the company’s stock, valued at $6,393,794.68. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of YOU. Geneos Wealth Management Inc. boosted its stake in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure in the first quarter valued at about $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in CLEAR Secure during the 1st quarter worth about $41,000. Twin Tree Management LP acquired a new position in CLEAR Secure during the 1st quarter worth about $49,000. Finally, Fifth Third Bancorp grew its holdings in CLEAR Secure by 61.8% during the 2nd quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock worth $50,000 after acquiring an additional 690 shares during the last quarter. 73.80% of the stock is 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.