Telsey Advisory Group Reaffirms "Outperform" Rating for Clear Secure (NYSE:YOU)

Telsey Advisory Group restated their outperform rating on shares of Clear Secure (NYSE:YOU - Free Report) in a report released on Friday,Benzinga reports. The firm currently has a $32.00 target price on the stock.

Several other analysts have also weighed in on YOU. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Price Performance

Clear Secure stock traded up $0.53 during trading hours on Friday, hitting $24.63. The stock had a trading volume of 3,057,215 shares, compared to its average volume of 2,008,197. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.63 and a beta of 1.25. Clear Secure has a 1-year low of $16.48 and a 1-year high of $38.88. The stock's fifty day moving average is $25.73 and its two-hundred day moving average is $26.22.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. As a group, sell-side analysts anticipate that Clear Secure will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, June 10th. Clear Secure's payout ratio is 31.25%.

Institutional Trading of Clear Secure

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in Clear Secure by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after buying an additional 501,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Clear Secure in the 4th quarter worth about $1,695,000. William Blair Investment Management LLC acquired a new stake in Clear Secure in the 4th quarter worth about $37,697,000. Principal Financial Group Inc. boosted its stake in Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after buying an additional 466,901 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Clear Secure by 1,557.5% in the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after buying an additional 324,314 shares during the last quarter. 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.