Clear Secure, Inc. (NYSE:YOU) Given Average Recommendation of “Hold” by Brokerages

Shares of Clear Secure, Inc. (NYSE:YOU) have been given an average rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $28.40.

A number of research firms have recently weighed in on YOU. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Friday, July 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Thursday, May 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8th.

Clear Secure Price Performance

Clear Secure stock opened at $20.82 on Thursday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 37.17 and a beta of 1.58. Clear Secure has a 1-year low of $15.28 and a 1-year high of $27.75. The business has a fifty day moving average price of $18.45 and a 200-day moving average price of $19.03.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The firm had revenue of $179.05 million during the quarter, compared to analysts’ expectations of $173.28 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. On average, equities research analysts anticipate that Clear Secure will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. This is a boost from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s payout ratio is currently 71.43%.

Hedge Funds Weigh In On Clear Secure

A number of institutional investors have recently modified their holdings of the stock. Brown Lisle Cummings Inc. raised its stake in shares of Clear Secure by 11.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock valued at $165,000 after buying an additional 900 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Clear Secure during the 2nd quarter valued at about $840,000. CWM LLC raised its stake in shares of Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after buying an additional 6,573 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Clear Secure during the 2nd quarter valued at about $381,000. Finally, Virtus Investment Advisers Inc. raised its stake in shares of Clear Secure by 29.5% during the 1st quarter. Virtus Investment Advisers Inc. now owns 22,617 shares of the company’s stock valued at $481,000 after buying an additional 5,146 shares during the last quarter. Hedge funds and other institutional investors 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.