Clear Secure (NYSE:YOU) Stock Price Down 2.4%

Clear Secure, Inc. (NYSE:YOU) dropped 2.4% on Monday . The stock traded as low as $18.98 and last traded at $18.98. Approximately 54,525 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,496,468 shares. The stock had previously closed at $19.45.

Wall Street Analyst Weigh In

A number of analysts have issued reports on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Thursday, May 9th. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a report on Wednesday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.40.

Clear Secure Stock Up 1.3 %

The stock has a 50-day moving average price of $17.91 and a 200 day moving average price of $19.09. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 34.41 and a beta of 1.58.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The company had revenue of $179.05 million during the quarter, compared to the consensus estimate of $173.28 million. As a group, equities analysts forecast that Clear Secure, Inc. will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s payout ratio is presently 71.43%.

Institutional Trading of Clear Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Montag A & Associates Inc. acquired a new stake in shares of Clear Secure during the 1st quarter worth about $26,000. Quarry LP increased its stake in Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after purchasing an additional 1,163 shares during the last quarter. CWM LLC raised its holdings in Clear Secure by 968.0% during the second quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after purchasing an additional 6,573 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Clear Secure by 108.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 7,545 shares of the company’s stock worth $156,000 after buying an additional 3,928 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Clear Secure by 56.2% in the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock valued at $211,000 after buying an additional 3,683 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.