Clear Secure, Inc. (YOU) To Go Ex-Dividend on June 10th

Clear Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Investors of record on Tuesday, June 10th will be paid a dividend of 0.125 per share on Tuesday, June 17th. This represents a $0.50 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, June 10th.

Clear Secure has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Clear Secure to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 48.1%.

Clear Secure Stock Performance

NYSE YOU opened at $26.20 on Friday. The firm has a market cap of $3.49 billion, a PE ratio of 30.46 and a beta of 1.22. Clear Secure has a one year low of $17.58 and a one year high of $38.88. The firm’s fifty day moving average is $25.32 and its two-hundred day moving average is $25.42.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Research analysts predict that Clear Secure will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $32.00 price objective on shares of Clear Secure in a research note on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Insider Activity

In other news, Director Kenneth L. Cornick sold 315,591 shares of Clear Secure stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the sale, the director now owns 64,935 shares of the company’s stock, valued at $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 957,964 shares of company stock valued at $24,155,799 over the last quarter. Corporate insiders own 39.73% of the company’s stock.

Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in YOU. Royal Bank of Canada boosted its holdings in shares of Clear Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after acquiring an additional 101,476 shares in the last quarter. Amundi boosted its holdings in Clear Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Clear Secure during the first quarter worth about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Clear Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after buying an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Clear Secure by 64.7% during the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after buying an additional 1,801 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.