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

Shares of Clear Secure, Inc. (NYSE:YOU) have been assigned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.40.

Several research firms recently issued reports on YOU. Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, May 15th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research note on Thursday, May 9th.

Clear Secure Stock Down 0.3 %

Shares of NYSE YOU opened at $18.82 on Friday. Clear Secure has a fifty-two week low of $15.28 and a fifty-two week high of $27.75. The business has a 50 day moving average price of $17.70 and a two-hundred day moving average price of $19.32. The firm has a market cap of $2.72 billion, a PE ratio of 33.60 and a beta of 1.55.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. The firm had revenue of $179.05 million for the quarter, compared to the consensus estimate of $173.28 million. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. On average, analysts anticipate that Clear Secure will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Monday, June 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s payout ratio is 71.43%.

Institutional Trading of Clear Secure

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Clear Secure by 2.8% in the fourth quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock worth $437,000 after acquiring an additional 583 shares in the last quarter. Cornercap Investment Counsel Inc. raised its holdings in shares of Clear Secure by 2.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 25,855 shares of the company’s stock worth $534,000 after purchasing an additional 700 shares in the last quarter. Versor Investments LP lifted its stake in Clear Secure by 2.3% during the fourth quarter. Versor Investments LP now owns 44,795 shares of the company’s stock valued at $925,000 after purchasing an additional 1,017 shares during the last quarter. Quarry LP grew its position in Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after buying an additional 1,163 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of Clear Secure in the first quarter valued at $26,000. 73.80% of the stock is currently owned by institutional investors.

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.