Clear Secure (NYSE:YOU) Trading Down 2.9% – Should You Sell?

Shares of Clear Secure, Inc. (NYSE:YOU) traded down 2.9% on Friday . The stock traded as low as $24.48 and last traded at $24.21. 1,254,563 shares traded hands during trading, a decline of 42% from the average session volume of 2,150,510 shares. The stock had previously closed at $24.92.

Analyst Ratings Changes

A number of equities analysts have commented on YOU shares. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Clear Secure currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Price Performance

The company has a market cap of $3.41 billion, a PE ratio of 28.46 and a beta of 1.37. The business has a 50 day moving average of $24.45 and a 200 day moving average of $28.23.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. Clear Secure’s dividend payout ratio is 32.47%.

Hedge Funds Weigh In On Clear Secure

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. Huntington National Bank bought a new stake in shares of Clear Secure during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% in 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 during the period. Strategic Investment Solutions Inc. IL raised its holdings in Clear Secure by 113,800.0% in 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. Finally, Harbour Investments Inc. raised its holdings in Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares in the last quarter. 73.80% of the stock is owned by 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.