Clear Secure (NYSE:YOU) Stock Price Up 6.1% Following Dividend Announcement

Clear Secure, Inc. (NYSE:YOU)’s share price rose 6.1% during mid-day trading on Friday after the company announced a dividend. The stock traded as high as $23.82 and last traded at $23.75. Approximately 780,744 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 1,580,889 shares. The stock had previously closed at $22.39.

The newly announced dividend which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.11%. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Analyst Ratings Changes

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

Clear Secure Stock Up 5.9 %

The company has a market cap of $3.31 billion, a PE ratio of 27.61 and a beta of 1.38. The business has a 50-day simple moving average of $25.18 and a 200-day simple moving average of $28.46.

Institutional Trading of Clear Secure

A number of large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Clear Secure during the third quarter worth $26,000. GAMMA Investing LLC grew its stake in shares of Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank acquired a new position in shares of Clear Secure during the fourth quarter worth $35,000. SRS Capital Advisors Inc. grew its stake in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after purchasing an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock worth $61,000 after purchasing an additional 2,276 shares in the last quarter. Hedge funds and other institutional investors 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.