Clear Secure (NYSE:YOU) Shares Down 4.5% – Should You Sell?

Clear Secure, Inc. (NYSE:YOU)’s share price fell 4.5% on Friday . The stock traded as low as $35.32 and last traded at $35.64. 533,370 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,680,471 shares. The stock had previously closed at $37.33.

Analyst Ratings Changes

A number of research firms have commented on YOU. The Goldman Sachs Group increased their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC lifted their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.20.

Clear Secure Price Performance

The firm’s fifty day moving average price is $30.77 and its 200-day moving average price is $22.97. The firm has a market capitalization of $5.06 billion, a P/E ratio of 45.69 and a beta of 1.65.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. During the same quarter in the previous year, the company posted $0.05 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. Analysts expect that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Clear Secure’s dividend payout ratio is currently 51.28%.

Insider Activity at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is owned by corporate insiders.

Institutional Trading of Clear Secure

Hedge funds and other institutional investors have recently modified their holdings of the company. Montag A & Associates Inc. acquired a new position in Clear Secure in the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure in the 2nd quarter valued at approximately $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure in the third quarter worth approximately $33,000. Plato Investment Management Ltd raised its position in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Clear Secure in the third quarter valued at approximately $105,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

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.