Clear Secure (NYSE:YOU) Price Target Raised to $45.00

Clear Secure (NYSE:YOU) had its price target increased by Needham & Company LLC from $40.00 to $45.00 in a research report released on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group lifted their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.20.

Clear Secure Trading Down 3.4 %

NYSE YOU opened at $36.05 on Thursday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 64.38 and a beta of 1.65. Clear Secure has a 12 month low of $16.05 and a 12 month high of $37.90. The company’s 50 day moving average is $30.97 and its two-hundred day moving average is $23.10.

Clear Secure (NYSE:YOU) last released its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. During the same quarter in the previous year, the company earned $0.05 EPS. Clear Secure’s revenue for the quarter was up 24.6% on a year-over-year basis. Sell-side analysts forecast that Clear Secure will post 1.01 EPS for the current year.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is 71.43%.

Insider Transactions at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,173,935 shares of company stock valued at $36,826,532 in the last ninety days. Corporate insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure during the third quarter valued at approximately $33,000. Montag A & Associates Inc. purchased a new position in Clear Secure during the 1st quarter valued at $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Clear Secure during the 2nd quarter valued at $26,000. NBC Securities Inc. purchased a new stake in Clear Secure in the third quarter worth $105,000. Finally, Plato Investment Management Ltd lifted its position in shares of Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after purchasing an additional 5,057 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

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.