Telsey Advisory Group Reiterates Outperform Rating for Clear Secure (NYSE:YOU)

Telsey Advisory Group restated their outperform rating on shares of Clear Secure (NYSE:YOU) in a report published on Tuesday, Benzinga reports. Telsey Advisory Group currently has a $34.00 price target on the stock.

A number of other research analysts have also weighed in on YOU. TheStreet upgraded shares of Clear Secure from a d+ rating to a c- rating in a research note on Friday, December 22nd. Wedbush reissued a neutral rating and issued a $23.00 price target on shares of Clear Secure in a report on Wednesday, February 28th. Needham & Company LLC reissued a buy rating and issued a $40.00 price target on shares of Clear Secure in a report on Friday, March 15th. Finally, Wells Fargo & Company reissued an underweight rating and issued a $20.00 price target on shares of Clear Secure in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $28.80.

Clear Secure Stock Up 2.1 %

Shares of YOU stock opened at $21.27 on Tuesday. The company has a 50 day moving average of $19.56 and a 200-day moving average of $19.70. Clear Secure has a 12-month low of $15.28 and a 12-month high of $27.93. The firm has a market cap of $3.38 billion, a P/E ratio of 70.90 and a beta of 1.52.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business had revenue of $170.97 million during the quarter, compared to analyst estimates of $166.56 million. During the same period in the previous year, the business earned ($0.12) EPS. Clear Secure’s revenue was up 33.3% compared to the same quarter last year. As a group, equities analysts expect that Clear Secure will post 0.37 EPS for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Monday, April 8th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.32 per share. This is an increase from Clear Secure’s previous None dividend of $0.25. The ex-dividend date of this dividend is Thursday, March 28th. Clear Secure’s payout ratio is currently 120.00%.

Insider Transactions at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the transaction, the insider now owns 41,727 shares in the company, valued at approximately $834,540. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clear Secure

Large investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP purchased a new position in Clear Secure in the 3rd quarter worth $192,000. Schonfeld Strategic Advisors LLC increased its position in shares of Clear Secure by 93.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 122,300 shares of the company’s stock valued at $2,329,000 after acquiring an additional 58,961 shares during the period. Algert Global LLC purchased a new position in shares of Clear Secure in the third quarter valued at about $3,342,000. Jump Financial LLC increased its position in shares of Clear Secure by 368.5% in the third quarter. Jump Financial LLC now owns 146,023 shares of the company’s stock valued at $2,780,000 after acquiring an additional 114,854 shares during the period. Finally, Neo Ivy Capital Management increased its position in shares of Clear Secure by 14,757.9% in the third quarter. Neo Ivy Capital Management now owns 23,624 shares of the company’s stock valued at $450,000 after acquiring an additional 23,465 shares during the period. 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.