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

Clear Secure, Inc. (NYSE:YOU)’s share price dropped 3.2% during trading on Wednesday . The stock traded as low as $25.33 and last traded at $25.62. Approximately 424,447 shares changed 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 Ratings Changes

YOU has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Monday, December 16th. Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Telsey Advisory Group raised their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wedbush restated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Price Performance

The business has a 50-day moving average of $26.71 and a two-hundred day moving average of $27.82. The company has a market cap of $3.62 billion, a P/E ratio of 30.18 and a beta of 1.41.

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

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Institutional Investors Weigh In On Clear Secure

Several institutional investors have recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. acquired a new stake in Clear Secure in the fourth quarter worth about $446,000. Arkadios Wealth Advisors boosted its holdings in Clear Secure by 15.5% in the fourth quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company’s stock worth $366,000 after acquiring an additional 1,848 shares in the last quarter. Tealwood Asset Management Inc. acquired a new stake in Clear Secure in the fourth quarter worth about $1,248,000. First Hawaiian Bank boosted its holdings in Clear Secure by 325.6% in the fourth quarter. First Hawaiian Bank now owns 43,396 shares of the company’s stock worth $1,156,000 after acquiring an additional 33,200 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in Clear Secure by 22.5% in the fourth quarter. CWA Asset Management Group LLC now owns 29,404 shares of the company’s stock worth $783,000 after acquiring an additional 5,406 shares in the last quarter. 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.