Clear Secure, Inc. (NYSE:YOU – Get Free Report) 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.
Read Our Latest Analysis on Clear Secure
Insider Buying and Selling
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 – Get Free Report) 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.
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