Stifel Nicolaus Increases Clear Secure (NYSE:YOU) Price Target to $32.00

Clear Secure (NYSE:YOU) had its price target increased by Stifel Nicolaus from $24.00 to $32.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

YOU has been the subject of several other reports. Needham & Company LLC increased their target price on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Clear Secure Trading Up 1.8 %

Shares of NYSE:YOU opened at $36.11 on Monday. The company has a 50 day moving average of $32.00 and a 200-day moving average of $23.82. The firm has a market cap of $5.03 billion, a P/E ratio of 46.29 and a beta of 1.65. Clear Secure has a twelve month low of $16.05 and a twelve month high of $37.90.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $183.78 million. During the same period in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts forecast that Clear Secure will post 1.01 EPS for the current year.

Clear Secure Dividend Announcement

The business 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. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.11%. Clear Secure’s dividend payout ratio is presently 51.28%.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now owns 34,227 shares in the company, valued at approximately $755,732.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now owns 34,227 shares in the company, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,111,330 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Clear Secure by 56.5% during the 2nd 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 during the period. Rice Hall James & Associates LLC boosted its holdings in shares of Clear Secure by 303.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after buying an additional 902,436 shares during the period. Marshall Wace LLP boosted its holdings in shares of Clear Secure by 278.3% during the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after buying an additional 808,515 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Clear Secure by 56.3% during the 2nd 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. Institutional investors and hedge funds 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.