Clear Secure (NYSE:YOU) Stock Price Down 3.2% – Time to Sell?

Clear Secure, Inc. (NYSE:YOU)’s share price was down 3.2% during trading on Wednesday . The company traded as low as $25.33 and last traded at $25.62. Approximately 424,447 shares traded hands during trading, a decline of 59% from the average daily volume of 1,041,079 shares. The stock had previously closed at $26.48.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on YOU shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, December 16th. Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Stock Up 0.7 %

The firm has a 50-day moving average of $26.71 and a two-hundred day moving average of $27.82. The company has a market capitalization of $3.62 billion, a PE ratio of 30.18 and a beta of 1.41.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. Equities analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. Clear Secure’s payout ratio is 58.14%.

Institutional Trading of Clear Secure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hanseatic Management Services Inc. purchased a new stake in shares of Clear Secure in the fourth quarter valued at approximately $446,000. Arkadios Wealth Advisors increased its position in shares of Clear Secure by 15.5% in the fourth quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company’s stock valued at $366,000 after buying an additional 1,848 shares in the last quarter. Tealwood Asset Management Inc. purchased a new stake in shares of Clear Secure in the fourth quarter valued at approximately $1,248,000. First Hawaiian Bank increased its position in shares of Clear Secure by 325.6% in the fourth quarter. First Hawaiian Bank now owns 43,396 shares of the company’s stock valued at $1,156,000 after buying an additional 33,200 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Clear Secure by 22.5% in the fourth quarter. CWA Asset Management Group LLC now owns 29,404 shares of the company’s stock valued at $783,000 after buying an additional 5,406 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

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.