Clear Secure (NYSE:YOU) Shares Down 3.2% – Should You Sell?

Shares of Clear Secure, Inc. (NYSE:YOU) traded down 3.2% during mid-day trading on Wednesday . The stock traded as low as $25.33 and last traded at $25.62. 424,447 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,041,079 shares. The stock had previously closed at $26.48.

Analysts Set New Price Targets

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

Clear Secure Stock Down 4.9 %

The business’s 50-day moving average is $27.02 and its two-hundred day moving average is $27.85. The stock has a market capitalization of $3.51 billion, a PE ratio of 29.28 and a beta of 1.41.

Clear Secure (NYSE:YOU) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. As a group, analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a $0.125 dividend. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.99%. Clear Secure’s dividend payout ratio is 58.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YOU. FMR LLC boosted its stake in shares of Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp lifted its position in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Clear Secure by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after acquiring an additional 141,208 shares during the period. Finally, Millennium Management LLC increased its stake in Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after purchasing an additional 757,528 shares in the last quarter. 73.80% of the stock is 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.