Clear Secure (NYSE:YOU) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Clear Secure (NYSE:YOU) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $32.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Clear Secure Stock Performance

NYSE:YOU opened at $24.06 on Friday. The firm’s 50-day moving average is $25.74 and its 200-day moving average is $26.42. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. Clear Secure has a 52-week low of $16.48 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results 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). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. Equities analysts predict that Clear Secure will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, June 10th. Clear Secure’s dividend payout ratio is 32.47%.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new stake in shares of Clear Secure during the first quarter worth approximately $27,000. Fifth Third Bancorp grew its position in Clear Secure by 217.0% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $29,000 after acquiring an additional 764 shares during the last quarter. GAMMA Investing LLC increased its holdings in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank bought a new position in Clear Secure in the 4th quarter valued at $35,000. Finally, First Horizon Advisors Inc. boosted its stake in Clear Secure by 72.0% in the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock worth $38,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds 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.