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

Telsey Advisory Group reissued their outperform rating on shares of Clear Secure (NYSE:YOU) in a report published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $42.00 target price on the stock.

A number of other equities analysts have also commented on the stock. Wedbush reissued a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Up 1.8 %

YOU stock opened at $22.63 on Thursday. The company’s 50 day moving average is $24.89 and its 200 day moving average is $28.44. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 26.31 and a beta of 1.38. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Hedge Funds Weigh In On Clear Secure

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. raised its position in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Clear Secure by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company’s stock valued at $590,000 after buying an additional 461 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Clear Secure by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company’s stock valued at $843,000 after acquiring an additional 509 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Clear Secure by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company’s stock valued at $499,000 after acquiring an additional 612 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 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.