Clear Secure (NYSE:YOU) Sets New 52-Week High at $30.14

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

Wall Street Analyst Weigh In

YOU has been the topic of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a research report on Wednesday, May 8th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $29.20.

Clear Secure Price Performance

The company has a 50 day moving average of $22.32 and a 200-day moving average of $19.89. The company has a market capitalization of $4.14 billion, a P/E ratio of 53.45 and a beta of 1.58.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (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 business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. Research analysts predict that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Announces Dividend

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

Insiders Place Their Bets

In other news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,500 shares of company stock worth $5,369,455. Corporate insiders own 37.85% of the company’s stock.

Hedge Funds Weigh In On Clear Secure

A number of large investors have recently bought and sold shares of YOU. Truist Financial Corp increased its position in shares of Clear Secure by 2.0% during the second quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after purchasing an additional 582 shares in the last quarter. Quarry LP raised its holdings in shares of Clear Secure by 406.1% in the second quarter. Quarry LP now owns 5,719 shares of the company’s stock worth $107,000 after buying an additional 4,589 shares during the last quarter. Algert Global LLC grew its holdings in shares of Clear Secure by 143.3% during the second quarter. Algert Global LLC now owns 273,967 shares of the company’s stock valued at $5,126,000 after buying an additional 161,378 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Clear Secure by 22.0% in the 2nd quarter. Mackenzie Financial Corp now owns 46,411 shares of the company’s stock valued at $868,000 after acquiring an additional 8,380 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Clear Secure by 10.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,772 shares of the company’s stock worth $819,000 after acquiring an additional 4,278 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.