Clear Secure’s (YOU) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Clear Secure (NYSE:YOU) in a research note released on Friday morning, Benzinga reports. They currently have a $45.00 target price on the stock.

Several other equities analysts have also commented on YOU. The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus upped their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Telsey Advisory Group lifted their price objective on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.83.

Clear Secure Price Performance

Shares of YOU stock traded up $0.06 during trading on Friday, hitting $36.84. 2,312,726 shares of the stock traded hands, compared to its average volume of 1,741,425. The firm’s fifty day moving average price is $32.71 and its 200-day moving average price is $24.25. The firm has a market capitalization of $5.13 billion, a P/E ratio of 47.23 and a beta of 1.63. Clear Secure has a 52-week low of $16.05 and a 52-week high of $38.04.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to analysts’ expectations 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 was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. As a group, equities research analysts expect that Clear Secure will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is currently 51.28%.

Insider Transactions at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at $255,581.33. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clear Secure

Large investors have recently modified their holdings of the company. Essex Savings Bank acquired a new stake in shares of Clear Secure during the third quarter worth about $348,000. CWA Asset Management Group LLC purchased a new position in Clear Secure during the 3rd quarter worth $795,000. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure in the 3rd quarter worth $26,000. Principal Financial Group Inc. boosted its holdings in shares of Clear Secure by 3,937.1% in the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after acquiring an additional 466,901 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Clear Secure by 844.2% during the third quarter. Amalgamated Bank now owns 26,826 shares of the company’s stock worth $889,000 after acquiring an additional 23,985 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

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.