Clear Secure (NYSE:YOU) Reaches New 52-Week High at $31.33

Clear Secure, Inc. (NYSE:YOU) shares reached a new 52-week high during trading on Monday . The stock traded as high as $31.33 and last traded at $30.84, with a volume of 616736 shares traded. The stock had previously closed at $28.55.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.20.

Clear Secure Price Performance

The company has a market cap of $4.39 billion, a price-to-earnings ratio of 54.09 and a beta of 1.64. The firm’s 50-day moving average price is $24.30 and its 200-day moving average price is $20.57.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $183.78 million. During the same quarter in the prior year, the business earned $0.05 EPS. Clear Secure’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, sell-side 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 paid a $0.10 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

Insider Buying and Selling

In related news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the sale, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at $223,901.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth L. Cornick sold 79,935 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total value of $2,401,247.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 273,935 shares of company stock worth $7,817,277. Corporate insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of Clear Secure by 56.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock worth $211,000 after buying an additional 3,683 shares in the last quarter. Victory Capital Management Inc. bought a new position in Clear Secure during the fourth quarter valued at about $255,000. National Bank of Canada FI raised its position in Clear Secure by 119,250.0% in the fourth quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock worth $1,952,000 after acquiring an additional 95,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Clear Secure by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock worth $13,525,000 after acquiring an additional 12,469 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Clear Secure during the 4th quarter valued at about $212,000. Institutional investors and hedge funds 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.