CLEAR Secure’s (YOU) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of CLEAR Secure (NYSE:YOU) in a research note published on Wednesday morning,Benzinga reports. They currently have a $32.00 price objective on the stock.

Several other analysts also recently weighed in on YOU. Stifel Nicolaus lifted their target price on CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.40.

CLEAR Secure Price Performance

NYSE:YOU opened at $28.86 on Wednesday. CLEAR Secure has a 12-month low of $18.23 and a 12-month high of $38.88. The firm has a market capitalization of $3.84 billion, a P/E ratio of 18.04 and a beta of 1.25. The business has a 50 day simple moving average of $27.37 and a 200 day simple moving average of $25.76.

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

CLEAR Secure Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Adam Wiener sold 5,000 shares of the business’s stock in a transaction 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 sale, the director owned 207,634 shares of the company’s stock, valued at approximately $6,229,020. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth L. Cornick sold 228,374 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was 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 directly owned 149,093 shares in the company, valued at $3,807,835.22. This represents a 60.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 965,964 shares of company stock worth $24,388,299 in the last three months. Company insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of CLEAR Secure in the 2nd quarter worth $2,760,000. Envestnet Asset Management Inc. grew its holdings in shares of CLEAR Secure by 104.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 591,947 shares of the company’s stock worth $16,432,000 after acquiring an additional 302,191 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of CLEAR Secure by 475.1% in the 2nd quarter. AlphaQuest LLC now owns 5,728 shares of the company’s stock worth $159,000 after acquiring an additional 4,732 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of CLEAR Secure in the 2nd quarter worth $1,116,000. Finally, Chevy Chase Trust Holdings LLC grew its holdings in shares of CLEAR Secure by 1.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 207,935 shares of the company’s stock worth $5,772,000 after acquiring an additional 2,986 shares during the last quarter. 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.