Brokerages Set Clear Secure, Inc. (NYSE:YOU) Target Price at $28.80

Clear Secure, Inc. (NYSE:YOU - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $28.80.

Several equities research analysts have recently issued reports on YOU shares. Wedbush reissued a "neutral" rating and set a $23.00 target price on shares of Clear Secure in a research note on Wednesday, February 28th. TheStreet upgraded Clear Secure from a "d+" rating to a "c-" rating in a research report on Friday, December 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $34.00 target price on shares of Clear Secure in a research report on Tuesday, March 26th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $20.00 price objective on shares of Clear Secure in a report on Wednesday, December 20th.

Clear Secure Stock Performance

Clear Secure stock traded up $0.41 during midday trading on Tuesday, hitting $20.15. 1,094,840 shares of the company were exchanged, compared to its average volume of 1,528,705. Clear Secure has a fifty-two week low of $15.28 and a fifty-two week high of $27.93. The firm has a market capitalization of $3.20 billion, a PE ratio of 67.17 and a beta of 1.54. The business has a fifty day simple moving average of $19.55 and a two-hundred day simple moving average of $19.67.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business had revenue of $170.97 million for the quarter, compared to analysts' expectations of $166.56 million. During the same quarter last year, the company earned ($0.12) EPS. The business's revenue was up 33.3% on a year-over-year basis. As a group, equities analysts expect that Clear Secure will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were given a $0.32 dividend. This is a boost from Clear Secure's previous None dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 28th. Clear Secure's dividend payout ratio is 120.00%.

Insider Transactions at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the sale, the insider now owns 41,727 shares in the company, valued at approximately $834,540. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 39.94% of the company's stock.

Institutional Trading of Clear Secure

Several large investors have recently added to or reduced their stakes in YOU. Durable Capital Partners LP grew its holdings in shares of Clear Secure by 25.5% in the first quarter. Durable Capital Partners LP now owns 10,751,370 shares of the company's stock valued at $288,997,000 after purchasing an additional 2,184,428 shares during the period. Vanguard Group Inc. increased its holdings in shares of Clear Secure by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company's stock worth $195,363,000 after buying an additional 211,214 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Clear Secure by 31.5% during the 2nd quarter. BlackRock Inc. now owns 7,086,010 shares of the company's stock worth $164,183,000 after buying an additional 1,696,921 shares during the last quarter. FMR LLC raised its position in shares of Clear Secure by 28.7% during the 3rd quarter. FMR LLC now owns 3,641,892 shares of the company's stock valued at $69,342,000 after buying an additional 811,586 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Clear Secure by 86.3% in the second quarter. Goldman Sachs Group Inc. now owns 3,260,048 shares of the company's stock worth $75,535,000 after acquiring an additional 1,510,168 shares during the period. 73.80% of the stock is currently owned by hedge funds and other 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.