Clear Secure (NYSE:YOU) Given New $26.00 Price Target at Stifel Nicolaus

Clear Secure (NYSE:YOU) had its price objective decreased by Stifel Nicolaus from $32.00 to $26.00 in a report released on Thursday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other brokerages also recently commented on YOU. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Trading Up 1.8 %

YOU stock opened at $22.63 on Thursday. The firm has a 50-day moving average price of $24.89 and a 200-day moving average price of $28.44. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a market capitalization of $3.15 billion, a P/E ratio of 26.31 and a beta of 1.38.

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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds have recently modified their holdings of YOU. International Assets Investment Management LLC bought a new position in Clear Secure during the 3rd quarter worth $2,016,000. Louisiana State Employees Retirement System bought a new stake in shares of Clear Secure in the 3rd quarter valued at about $1,478,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Clear Secure in the third quarter valued at about $203,000. State of Alaska Department of Revenue bought a new position in shares of Clear Secure during the third quarter worth about $1,743,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Clear Secure in the third quarter worth approximately $283,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.