CLEAR Secure (NYSE:YOU) Price Target Raised to $28.00

CLEAR Secure (NYSE:YOU) had its target price increased by Stifel Nicolaus from $26.00 to $28.00 in a report released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research analysts have also recently weighed in on the company. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $32.00 price target on shares of CLEAR Secure in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, CLEAR Secure currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

CLEAR Secure Stock Down 1.1%

Shares of NYSE:YOU opened at $29.41 on Tuesday. CLEAR Secure has a 52-week low of $18.23 and a 52-week high of $38.88. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 18.38 and a beta of 1.25. The business has a 50-day moving average price of $27.27 and a 200-day moving average price of $25.74.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to analysts’ expectations of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. As a group, equities analysts anticipate that CLEAR Secure will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. CLEAR Secure’s payout ratio is 31.25%.

Insider Buying and Selling

In other news, Director Adam Wiener sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares in the company, valued at $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth L. Cornick sold 228,374 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the sale, the director owned 149,093 shares of the company’s stock, valued at $3,807,835.22. This trade represents a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 965,964 shares of company stock valued at $24,388,299 over the last 90 days. Company insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

A number of institutional investors and hedge funds have recently made changes to their positions in YOU. Geneos Wealth Management Inc. increased its position in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of CLEAR Secure in the first quarter valued at approximately $27,000. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure during the first quarter worth approximately $28,000. Fifth Third Bancorp increased its position in shares of CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $29,000 after purchasing an additional 764 shares in the last quarter. Finally, Huntington National Bank purchased a new stake in shares of CLEAR Secure during the fourth quarter worth approximately $35,000. 73.80% of the stock is currently 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.