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

Shares of Clear Secure, Inc. (NYSE:YOU) have received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.40.

YOU has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research report on Tuesday, March 26th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Wednesday. Finally, Wedbush restated a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a research report on Wednesday.

Insider Activity

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the insider now owns 41,727 shares of the company’s stock, valued at approximately $834,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.94% of the company’s stock.

Hedge Funds Weigh In On Clear Secure

Several hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. bought a new stake in Clear Secure during the fourth quarter worth approximately $1,079,000. Vanguard Group Inc. lifted its position in shares of Clear Secure by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock valued at $176,110,000 after acquiring an additional 143,300 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Clear Secure by 346.8% in the 4th quarter. Federated Hermes Inc. now owns 93,276 shares of the company’s stock worth $1,926,000 after acquiring an additional 72,399 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Clear Secure during the third quarter worth $192,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Clear Secure by 93.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 122,300 shares of the company’s stock valued at $2,329,000 after purchasing an additional 58,961 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Price Performance

YOU stock opened at $17.17 on Friday. The firm has a fifty day moving average price of $19.17 and a two-hundred day moving average price of $19.73. Clear Secure has a 1-year low of $15.28 and a 1-year high of $27.75. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 57.27 and a beta of 1.59.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. Clear Secure’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) earnings per share. As a group, analysts expect that Clear Secure will post 0.54 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th will be paid a $0.10 dividend. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 10th. Clear Secure’s dividend payout ratio is currently 120.00%.

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.