Needham & Company LLC Increases Clear Secure (NYSE:YOU) Price Target to $45.00

Clear Secure (NYSE:YOU) had its target price boosted by Needham & Company LLC from $40.00 to $45.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group lifted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.20.

Clear Secure Stock Performance

Shares of YOU stock opened at $36.05 on Thursday. Clear Secure has a 1 year low of $16.05 and a 1 year high of $37.90. The firm has a market capitalization of $5.02 billion, a PE ratio of 46.22 and a beta of 1.65. The stock has a fifty day moving average of $30.97 and a two-hundred day moving average of $23.13.

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

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s payout ratio is 51.28%.

Insider Buying and Selling at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,173,935 shares of company stock valued at $36,826,532. Corporate insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Clear Secure by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after buying an additional 211,214 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Clear Secure in the 4th quarter valued at about $896,000. Allspring Global Investments Holdings LLC lifted its position in shares of Clear Secure by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock worth $411,000 after purchasing an additional 1,631 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Clear Secure during the first quarter worth approximately $238,000. Finally, Janney Montgomery Scott LLC grew its position in Clear Secure by 184.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock valued at $22,791,000 after purchasing an additional 695,418 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

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.