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

Shares of Clear Secure, Inc. (NYSE:YOU) have earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.40.

A number of brokerages have weighed in on YOU. Wedbush restated a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, May 15th.

Clear Secure Stock Performance

Clear Secure stock opened at $18.71 on Friday. The company’s fifty day moving average price is $17.71 and its 200 day moving average price is $19.27. Clear Secure has a 1 year low of $15.28 and a 1 year high of $27.75. The stock has a market capitalization of $2.71 billion, a P/E ratio of 33.41 and a beta of 1.55.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The firm had revenue of $179.05 million for the quarter, compared to analysts’ expectations of $173.28 million. Sell-side analysts predict that Clear Secure will post 0.82 EPS for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Monday, June 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s payout ratio is currently 71.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YOU. Vanguard Group Inc. raised its holdings in shares of Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the period. FMR LLC raised its holdings in shares of Clear Secure by 28.7% during the 3rd quarter. FMR LLC now owns 3,641,892 shares of the company’s stock worth $69,342,000 after acquiring an additional 811,586 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after acquiring an additional 695,418 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 acquiring an additional 317,934 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in shares of Clear Secure during the 1st quarter worth $6,322,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.