Clear Secure, Inc. (NYSE:YOU) Given Consensus Rating of “Hold” by Brokerages

Clear Secure, Inc. (NYSE:YOU) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.67.

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

Insider Transactions at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the sale, the chief accounting officer now owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. The trade was a 17.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth L. Cornick sold 79,935 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The disclosure for this sale can be found here. Insiders sold 981,435 shares of company stock worth $31,457,077 over the last 90 days. 37.85% of the stock is currently owned by insiders.

Institutional Trading of Clear Secure

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in Clear Secure in the third quarter valued at $1,026,000. Sanctuary Advisors LLC acquired a new stake in shares of Clear Secure in the third quarter valued at about $965,000. Virtu Financial LLC purchased a new stake in Clear Secure during the third quarter worth about $480,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Clear Secure during the third quarter worth about $868,000. Finally, First Dallas Securities Inc. acquired a new position in Clear Secure during the third quarter worth about $263,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

NYSE:YOU opened at $26.72 on Wednesday. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a market cap of $3.72 billion, a P/E ratio of 31.07 and a beta of 1.63. The stock has a 50-day simple moving average of $32.37 and a 200-day simple moving average of $25.57.

Clear Secure (NYSE:YOU) last announced 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 analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, equities research analysts predict that Clear Secure will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio (DPR) is 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.