Clear Secure (NYSE:YOU) Price Target Raised to $31.00

Clear Secure (NYSE:YOU) had its price objective upped by The Goldman Sachs Group from $27.00 to $31.00 in a research note issued to investors on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts have also recently commented on YOU. Needham & Company LLC reiterated a buy rating and set a $40.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. Wedbush reiterated a neutral rating and set a $21.00 price objective on shares of Clear Secure in a research note on Wednesday, May 8th. Finally, Telsey Advisory Group reissued an outperform rating and issued a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $29.20.

Clear Secure Stock Up 1.2 %

NYSE YOU opened at $25.85 on Thursday. Clear Secure has a fifty-two week low of $15.28 and a fifty-two week high of $25.89. The business has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $19.12. The stock has a market cap of $3.74 billion, a PE ratio of 46.16 and a beta of 1.58.

Clear Secure (NYSE:YOU) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts anticipate that Clear Secure will post 0.82 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. Clear Secure’s payout ratio is currently 71.43%.

Insider Activity

In related news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the sale, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the sale, the insider now owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the transaction, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at $255,581.33. The disclosure for this sale can be found here. Company insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On Clear Secure

Several large investors have recently made changes to their positions in YOU. Arizona State Retirement System grew its holdings in Clear Secure by 2.8% in the 4th quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock worth $437,000 after buying an additional 583 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Clear Secure during the fourth quarter valued at $1,079,000. DekaBank Deutsche Girozentrale lifted its holdings in Clear Secure by 108.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 7,545 shares of the company’s stock worth $156,000 after purchasing an additional 3,928 shares during the period. Allspring Global Investments Holdings LLC grew its position in Clear Secure by 67.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,707 shares of the company’s stock valued at $366,000 after buying an additional 7,139 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its position in Clear Secure by 2.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 25,855 shares of the company’s stock valued at $534,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.