Clear Secure (NYSE:YOU) Sets New 1-Year High at $30.14

Clear Secure, Inc. (NYSE:YOU) reached a new 52-week high on Thursday . The stock traded as high as $30.14 and last traded at $29.99, with a volume of 499003 shares. The stock had previously closed at $28.78.

Analyst Upgrades and Downgrades

YOU has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Clear Secure presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Clear Secure Trading Up 3.3 %

The business’s fifty day simple moving average is $22.32 and its 200 day simple moving average is $19.89. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 53.45 and a beta of 1.58.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, research analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is currently 71.43%.

Insider Activity at Clear Secure

In other news, Director Michael Z. Barkin sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total transaction of $716,000.00. Following the completion of the sale, the director now owns 7,056 shares of the company’s stock, valued at approximately $202,083.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael Z. Barkin sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total transaction of $716,000.00. Following the sale, the director now owns 7,056 shares in the company, valued at approximately $202,083.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffery H. Boyd sold 150,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $28.14, for a total value of $4,221,000.00. Following the transaction, the director now owns 27,431 shares of the company’s stock, valued at $771,908.34. The disclosure for this sale can be found here. Insiders sold a total of 192,500 shares of company stock valued at $5,369,455 over the last quarter. 37.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clear Secure

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after purchasing an additional 1,111,330 shares during the period. Brown Advisory Inc. grew its position in shares of Clear Secure by 3.2% during the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company’s stock worth $66,716,000 after buying an additional 101,011 shares during the period. Renaissance Technologies LLC increased its stake in shares of Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Millennium Management LLC lifted its position in shares of Clear Secure by 56.3% during the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after acquiring an additional 757,528 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in Clear Secure by 303.6% in the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after purchasing an additional 902,436 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.