Clear Secure (NYSE:YOU) Shares Down 5% – What’s Next?

Clear Secure, Inc. (NYSE:YOU) dropped 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 mid-day trading, an increase of 44% from the average daily volume of 1,336,862 shares. The stock had previously closed at $26.04.

Wall Street Analyst Weigh In

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

Clear Secure Price Performance

The stock has a 50 day moving average of $26.49 and a two-hundred day moving average of $28.04. The stock has a market capitalization of $3.34 billion, a PE ratio of 27.90 and a beta of 1.41.

Clear Secure (NYSE:YOU) last posted its quarterly 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 company had revenue of $198.40 million for 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%. Clear Secure’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. As a group, research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 2.08%. Clear Secure’s dividend payout ratio is currently 58.14%.

Institutional Trading of Clear Secure

A number of large investors have recently made changes to their positions in YOU. FMR LLC boosted its stake in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the last quarter. State Street Corp lifted its stake in shares of Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares during the period. Pacer Advisors Inc. boosted its position in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after acquiring an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 raised its holdings 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 acquiring an additional 757,528 shares during 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.