Telsey Advisory Group Issues Positive Forecast for CLEAR Secure (NYSE:YOU) Stock Price

Key Points

• Telsey Advisory Group raised its price target for CLEAR Secure (NYSE:YOU) from $32.00 to $37.00, indicating a potential upside of 16.13% from its previous close.
• CLEAR Secure's latest earnings report showed an EPS of $0.26, surpassing estimates, and a year-over-year revenue increase of 17.6%.
• Currently, institutional investors own 73.80% of CLEAR Secure's stock, with notable increases in holdings from several hedge funds in the first quarter.

CLEAR Secure (NYSE:YOU - Free Report) had its price target raised by Telsey Advisory Group from $32.00 to $37.00 in a research report report published on Wednesday, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus upped their price target on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $33.00.

CLEAR Secure Price Performance

CLEAR Secure stock traded up $0.04 during trading hours on Wednesday, reaching $31.97. The stock had a trading volume of 1,582,694 shares, compared to its average volume of 1,693,674. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 19.98 and a beta of 1.25. CLEAR Secure has a 52 week low of $21.67 and a 52 week high of $38.88. The business's 50 day moving average price is $28.10 and its 200-day moving average price is $25.97.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The firm had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. On average, sell-side analysts forecast that CLEAR Secure will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a yield of 1.6%. CLEAR Secure's payout ratio is currently 31.25%.

Insider Transactions at CLEAR Secure

In other news, CAO Dennis W. Liu sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total value of $168,000.00. Following the completion of the transaction, the chief accounting officer owned 13,923 shares of the company's stock, valued at $467,812.80. The trade was a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Adam Wiener sold 5,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the director directly owned 207,634 shares in the company, valued at approximately $6,229,020. This represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 990,964 shares of company stock valued at $25,212,499 in the last three months. 39.73% of the stock is owned by company insiders.

Institutional Trading of CLEAR Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its holdings in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after purchasing an additional 748 shares during the period. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure during the 1st quarter worth $27,000. Advisors Asset Management Inc. bought a new stake in CLEAR Secure in the first quarter valued at about $28,000. Fifth Third Bancorp raised its holdings in shares of CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after purchasing an additional 764 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in CLEAR Secure by 72.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after buying an additional 617 shares during the last quarter. Hedge funds and other institutional investors 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.