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

Clear Secure, Inc. (NYSE:YOU) has received an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.20.

YOU has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

Insider Buying and Selling

In other news, Director Jeffery H. Boyd sold 150,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $28.14, for a total value of $4,221,000.00. Following the sale, the director now directly owns 27,431 shares in the company, valued at $771,908.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffery H. Boyd sold 150,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $28.14, for a total value of $4,221,000.00. Following the completion of the transaction, the director now directly owns 27,431 shares of the company’s stock, valued at $771,908.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the 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 sale, the insider now directly owns 34,227 shares in the company, valued at approximately $755,732.16. The disclosure for this sale can be found here. Insiders have sold 273,935 shares of company stock worth $7,817,277 in the last three months. Corporate insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On Clear Secure

Institutional investors have recently modified their holdings of the company. Montag A & Associates Inc. acquired a new stake in Clear Secure during the first quarter worth approximately $26,000. Quarry LP lifted its stake in shares of Clear Secure by 86.4% during the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after purchasing an additional 1,163 shares during the period. Plato Investment Management Ltd boosted its holdings in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after purchasing an additional 5,057 shares during the last quarter. CWM LLC grew its position in shares of Clear Secure by 968.0% in the second quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after purchasing an additional 6,573 shares during the period. Finally, nVerses Capital LLC acquired a new position in Clear Secure in the second quarter valued at $137,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of Clear Secure stock opened at $30.29 on Friday. Clear Secure has a one year low of $15.28 and a one year high of $31.33. The company has a market cap of $4.39 billion, a P/E ratio of 54.09 and a beta of 1.64. The firm has a fifty day moving average of $24.30 and a two-hundred day moving average of $20.57.

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

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

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.