Clear Secure, Inc. (NYSE:YOU) Receives $28.40 Average Price Target from Analysts

Shares of Clear Secure, Inc. (NYSE:YOU) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.40.

YOU has been the topic of a number of research reports. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note on Wednesday.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now directly owns 41,727 shares in the company, valued at approximately $834,540. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 39.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in YOU. FMR LLC grew its stake in shares of Clear Secure by 28.7% in the third quarter. FMR LLC now owns 3,641,892 shares of the company’s stock valued at $69,342,000 after buying an additional 811,586 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Clear Secure by 184.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock valued at $22,791,000 after acquiring an additional 695,418 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Clear Secure by 21.3% in the 3rd quarter. Brown Advisory Inc. now owns 3,129,804 shares of the company’s stock valued at $59,591,000 after acquiring an additional 549,946 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Clear Secure by 258.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 440,866 shares of the company’s stock worth $8,394,000 after purchasing an additional 317,934 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Clear Secure in the 1st quarter valued at about $6,322,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Trading Down 5.0 %

Shares of Clear Secure stock opened at $17.17 on Friday. The stock’s fifty day simple moving average is $19.17 and its 200 day simple moving average is $19.73. The company has a market capitalization of $2.73 billion, a PE ratio of 57.27 and a beta of 1.59. Clear Secure has a 12 month low of $15.28 and a 12 month high of $27.75.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The company had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. During the same quarter last year, the firm posted ($0.12) earnings per share. Clear Secure’s revenue was up 33.3% compared to the same quarter last year. Analysts predict that Clear Secure will post 0.54 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio (DPR) is 120.00%.

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.