Clear Secure (NYSE:YOU) Price Target Cut to $32.00 by Analysts at Telsey Advisory Group

Clear Secure (NYSE:YOU) had its target price trimmed by Telsey Advisory Group from $42.00 to $32.00 in a research note released on Friday morning, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on YOU. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. 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 note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Clear Secure Trading Up 3.0 %

Shares of YOU opened at $25.12 on Friday. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a fifty day simple moving average of $25.55 and a 200 day simple moving average of $26.68. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 29.21 and a beta of 1.25.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.99%. Clear Secure’s dividend payout ratio (DPR) is currently 32.47%.

Hedge Funds Weigh In On Clear Secure

A number of institutional investors have recently bought and sold shares of YOU. Harbor Investment Advisory LLC acquired a new position in shares of Clear Secure during the 1st quarter worth approximately $27,000. Fifth Third Bancorp increased its holdings in shares of Clear Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $29,000 after purchasing an additional 764 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares during the period. Huntington National Bank acquired a new stake in shares of Clear Secure during the 4th quarter worth about $35,000. Finally, First Horizon Advisors Inc. grew its stake in Clear Secure by 72.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock valued at $38,000 after buying an additional 617 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.