2 weeks Ago By Defense World Staff
Needham & Company LLC reiterated their buy rating on shares of Clear Secure ( NYSE:YOU – Free Report ) in a research report sent to investors on Friday, Benzinga reports. Needham & Company LLC currently has a $45.00 price objective on the stock.
Several other equities research analysts also recently commented on the company. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.
00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.
00 and gave the company a “hold” rating in a research report on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price (up from $24.
00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Clear Secure from $27.00 to $31.
00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, Clear Secure currently has an average rating of “Hold” and a consensus price target of $32.67. Read Our Latest Stock Analysis on YOU Clear Secure Stock Up 0.
3 % Clear Secure ( NYSE:YOU – Get Free Report ) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
33 by ($0.03). Clear Secure had a net margin of 10.
93% and a return on equity of 43.77%. The business had revenue of $198.
40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same period last year, the business posted $0.
20 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis.
On average, sell-side analysts anticipate that Clear Secure will post 1.01 earnings per share for the current fiscal year. Clear Secure Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th.
Investors of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th.
This represents a $0.50 dividend on an annualized basis and a yield of 1.80%.
This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is 58.
14%. Insider Buying and Selling at Clear Secure In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.
08, for a total value of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.
05, for a total transaction of $46,575.00. Following the transaction, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at approximately $223,901.
55. This trade represents a 0.00 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.
08, for a total value of $5,112,000.00. The disclosure for this sale can be found here .
Insiders have sold a total of 1,164,435 shares of company stock valued at $36,610,377 in the last three months. 37.85% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Clear Secure Several hedge funds have recently bought and sold shares of YOU. Vanguard Group Inc. increased its stake in shares of Clear Secure by 11.
7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after purchasing an additional 1,111,330 shares during the last quarter.
Renaissance Technologies LLC grew its position in Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after acquiring an additional 1,066,400 shares during the last quarter.
Millennium Management LLC grew its position in Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after acquiring an additional 757,528 shares during the last quarter.
Rice Hall James & Associates LLC raised its stake in Clear Secure by 14.6% during the third quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company’s stock worth $45,557,000 after acquiring an additional 175,021 shares in the last quarter.
Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Clear Secure by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company’s stock worth $40,247,000 after acquiring an additional 73,303 shares during the last quarter.
73.80% of the stock is owned by institutional investors. About Clear Secure ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Clear Secure What Are Dividend Challengers? 2 Chip Stocks Benefitting from OpenAI’s Chip Strategy Expansion How to Use the MarketBeat Stock Screener Monday.
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