Clear Secure’s (YOU) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Clear Secure (NYSE:YOU) in a research report sent to investors on Friday,Benzinga reports. Telsey Advisory Group currently has a $42.00 price target on the stock.

Several other analysts also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Wedbush reissued a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Trading Up 5.3 %

Shares of YOU opened at $23.58 on Friday. The business’s 50 day moving average is $25.12 and its 200 day moving average is $28.48. The company has a market capitalization of $3.29 billion, a PE ratio of 27.42 and a beta of 1.38. Clear Secure has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. Clear Secure’s payout ratio is 58.14%.

Institutional Trading of Clear Secure

Large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Clear Secure during the 3rd quarter valued at approximately $2,010,000. Foundry Partners LLC increased its position in shares of Clear Secure by 667.5% during the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock valued at $7,086,000 after purchasing an additional 185,957 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Clear Secure by 402.1% during the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock valued at $1,272,000 after purchasing an additional 30,733 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Clear Secure during the 3rd quarter valued at approximately $2,401,000. Finally, Meritage Portfolio Management increased its position in shares of Clear Secure by 108.8% during the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock valued at $1,208,000 after purchasing an additional 18,994 shares during the last quarter. Institutional investors 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.