Wedbush Reaffirms Neutral Rating for Clear Secure (NYSE:YOU)

Wedbush restated their neutral rating on shares of Clear Secure (NYSE:YOU) in a report released on Thursday morning,RTT News reports. They currently have a $26.00 price objective on the stock, up from their previous price objective of $24.00.

A number of other analysts have also recently commented on the company. Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Clear Secure Price Performance

NYSE YOU opened at $27.77 on Thursday. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 32.29 and a beta of 1.63. The firm’s fifty day moving average price is $33.08 and its 200 day moving average price is $24.87.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is 46.51%.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of the business’s stock in a transaction on Monday, September 9th. The shares were 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 SEC, which is available through this link. In other Clear Secure 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 document filed with the SEC, which is accessible through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s 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 $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,164,435 shares of company stock valued at $36,610,377 over the last three months. 37.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of YOU. Vanguard Group Inc. grew its stake in shares of Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after purchasing an additional 1,111,330 shares during the period. Renaissance Technologies LLC boosted its holdings in Clear Secure by 56.5% during the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after buying an additional 1,066,400 shares in the last quarter. Millennium Management LLC grew its position in Clear Secure by 56.3% during the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after buying an additional 757,528 shares during the period. Rice Hall James & Associates LLC increased its holdings in Clear Secure by 14.6% in the third quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company’s stock valued at $45,557,000 after buying an additional 175,021 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Clear Secure by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company’s stock valued at $40,247,000 after acquiring an additional 73,303 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.