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

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

YOU has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Clear Secure has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Stock Performance

NYSE:YOU opened at $27.03 on Monday. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88. The firm has a 50-day moving average price of $24.41 and a two-hundred day moving average price of $28.04. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 31.43 and a beta of 1.37.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC purchased a new stake in Clear Secure in the 3rd quarter worth about $460,000. Thrivent Financial for Lutherans purchased a new position in shares of Clear Secure in the third quarter worth about $2,401,000. Intech Investment Management LLC bought a new stake in shares of Clear Secure in the third quarter valued at approximately $688,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Clear Secure by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company’s stock valued at $28,903,000 after buying an additional 55,136 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Clear Secure by 257.9% in the 3rd quarter. Citigroup Inc. now owns 107,858 shares of the company’s stock worth $3,574,000 after buying an additional 77,718 shares during the period. Hedge funds and other 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.