Clear Secure’s (YOU) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Clear Secure (NYSE:YOU) in a research report released on Monday morning,Benzinga reports. Needham & Company LLC currently has a $45.00 target price on the stock.

Several other analysts have also weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Price Performance

NYSE YOU opened at $27.03 on Monday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 31.43 and a beta of 1.37. The business has a 50 day simple moving average of $24.41 and a 200 day simple moving average of $28.04. Clear Secure has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is currently 32.47%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Clear Secure by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after acquiring an additional 473,207 shares in the last quarter. FMR LLC increased its holdings in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock worth $98,519,000 after purchasing an additional 501,000 shares during the last quarter. State Street Corp lifted its holdings in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Clear Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after buying an additional 1,422,999 shares during the last quarter. Institutional investors and hedge funds 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.