Clear Secure (NYSE:YOU) Shares Down 5% – Should You Sell?

Clear Secure, Inc. (NYSE:YOU)’s share price was down 5% on Tuesday . The stock traded as low as $24.72 and last traded at $24.73. Approximately 1,928,030 shares were traded during trading, an increase of 44% from the average daily volume of 1,336,862 shares. The stock had previously closed at $26.04.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday, December 16th. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush restated 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. Finally, Stifel Nicolaus lifted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Trading Down 4.0 %

The firm’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $28.05. The firm has a market cap of $3.48 billion, a PE ratio of 29.06 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). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is a positive change 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 dividend on an annualized basis and a yield of 2.00%. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Institutional Trading of Clear Secure

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in shares of Clear Secure by 468.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company’s stock worth $181,000 after acquiring an additional 5,596 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in Clear Secure during the fourth quarter worth about $446,000. Arkadios Wealth Advisors lifted its stake in Clear Secure by 15.5% in the 4th quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company’s stock worth $366,000 after purchasing an additional 1,848 shares in the last quarter. Tealwood Asset Management Inc. acquired a new position in shares of Clear Secure during the 4th quarter worth approximately $1,248,000. Finally, First Hawaiian Bank grew 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 purchasing an additional 33,200 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.