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

Clear Secure, Inc. (NYSE:YOU) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $29.20.

A number of brokerages have issued reports on YOU. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.

Clear Secure Price Performance

YOU stock opened at $30.88 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 55.14 and a beta of 1.65. Clear Secure has a 12 month low of $16.05 and a 12 month high of $33.85. The firm’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $22.15.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts forecast that Clear Secure will post 1.01 earnings per share for the current year.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.30%. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

Insider Buying and Selling at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the sale, the insider now owns 34,227 shares in the company, valued at approximately $755,732.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total value of $4,956,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the transaction, the insider now owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,023,935 shares of company stock valued at $31,714,532 over the last quarter. 37.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. acquired a new position in shares of Clear Secure during the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Clear Secure in the second quarter valued at approximately $26,000. Quarry LP raised its holdings in Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after purchasing an additional 1,163 shares in the last quarter. Plato Investment Management Ltd lifted its position in shares of Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after buying an additional 5,057 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after buying an additional 6,573 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.