Clear Secure (NYSE:YOU) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Clear Secure (NYSE:YOU) in a research report report published on Friday morning, Benzinga reports. They currently have a $40.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Telsey Advisory Group reissued an outperform rating and set a $34.00 target price on shares of Clear Secure in a research report on Thursday, May 9th. Wedbush restated a neutral rating and set a $21.00 price target on shares of Clear Secure in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $28.40.

Clear Secure Stock Up 2.4 %

Clear Secure stock opened at $20.40 on Friday. The company’s 50-day moving average price is $18.33 and its 200-day moving average price is $19.02. Clear Secure has a twelve month low of $15.28 and a twelve month high of $27.75. The company has a market cap of $2.95 billion, a PE ratio of 36.43 and a beta of 1.58.

Clear Secure (NYSE:YOU) last posted its earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that Clear Secure will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were paid a dividend of $0.10 per share. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. Clear Secure’s dividend payout ratio is presently 71.43%.

Institutional Trading of Clear Secure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. acquired a new stake in shares of Clear Secure in the fourth quarter worth $1,079,000. Nordea Investment Management AB increased its stake in shares of Clear Secure by 425.7% in the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock worth $5,129,000 after acquiring an additional 193,889 shares during the period. Vanguard Group Inc. increased its stake in shares of Clear Secure by 1.6% in the third quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock worth $176,110,000 after acquiring an additional 143,300 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Clear Secure in the fourth quarter worth $896,000. Finally, National Bank of Canada FI increased its stake in shares of Clear Secure by 119,250.0% in the fourth quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock worth $1,952,000 after acquiring an additional 95,400 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.