Clear Secure (NYSE:YOU) Earns Neutral Rating from Wedbush

Wedbush restated their neutral rating on shares of Clear Secure (NYSE:YOU) in a research report report published on Thursday,RTT News reports. They currently have a $26.00 price objective on the stock, up from their prior price objective of $24.00.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Friday, November 1st. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Telsey Advisory Group boosted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Hold” and a consensus price target of $32.67.

Clear Secure Price Performance

YOU stock opened at $27.77 on Thursday. Clear Secure has a one year low of $16.05 and a one year high of $38.88. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 35.60 and a beta of 1.63. The company has a fifty day moving average price of $33.08 and a two-hundred day moving average price of $24.82.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.80%. Clear Secure’s dividend payout ratio is currently 51.28%.

Insiders Place Their Bets

In other news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the sale, the chief accounting officer now owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the transaction, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,164,935 shares of company stock worth $36,623,387 over the last ninety days. Corporate insiders own 37.85% of the company’s stock.

Institutional Investors Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in YOU. Montag A & Associates Inc. acquired a new stake in Clear Secure in the first quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Clear Secure in the 2nd quarter valued at $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure during the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC bought a new stake in Clear Secure during the 3rd quarter worth $33,000. Finally, KBC Group NV bought a new stake in Clear Secure during the 3rd quarter worth $90,000. 73.80% of the stock is owned by institutional investors.

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.