Clear Secure, Inc. (NYSE:YOU) Receives $29.20 Consensus Price Target from Analysts

by · The Markets Daily

Shares of Clear Secure, Inc. (NYSE:YOU – Get Free Report) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $29.20.

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

Read Our Latest Stock Analysis on Clear Secure

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kenneth L. Cornick sold 250,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders sold a total of 1,023,935 shares of company stock worth $31,714,532 over the last quarter. 37.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after buying an additional 1,066,400 shares during the period. Millennium Management LLC raised its holdings in shares of Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after buying an additional 757,528 shares during the period. Rice Hall James & Associates LLC increased its holdings in Clear Secure by 303.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after purchasing an additional 902,436 shares during the period. Finally, Marshall Wace LLP increased its holdings in Clear Secure by 278.3% during the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after purchasing an additional 808,515 shares during the period. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $31.15 on Tuesday. The company has a market cap of $4.34 billion, a P/E ratio of 55.63 and a beta of 1.65. Clear Secure has a 1 year low of $15.28 and a 1 year high of $33.85. The stock’s fifty day moving average price is $28.54 and its 200-day moving average price is $22.10.

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

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s payout ratio is 71.43%.

About Clear Secure

(Get Free Report

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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