Clear Secure (NYSE:YOU) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Clear Secure (NYSE:YOU) in a report published on Thursday,Benzinga reports. The firm currently has a $45.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a report on Friday, February 21st. Wedbush reiterated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Stock Up 1.8 %

Shares of Clear Secure stock opened at $22.63 on Thursday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 26.31 and a beta of 1.38. The stock’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $28.44. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure Dividend Announcement

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

Institutional Trading of Clear Secure

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares in the last quarter. Wellington Management Group LLP bought a new position in Clear Secure during the third quarter valued at $62,950,000. FMR LLC grew its stake in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock worth $73,707,000 after buying an additional 1,463,748 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Clear Secure during the 4th quarter valued at about $37,697,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

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.