Clear Secure (NYSE:YOU) Trading Down 4.4%

Shares of Clear Secure, Inc. (NYSE:YOU) traded down 4.4% during trading on Wednesday . The company traded as low as $30.31 and last traded at $30.33. 409,144 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,673,134 shares. The stock had previously closed at $31.72.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on YOU shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.20.

Clear Secure Stock Performance

The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 56.64 and a beta of 1.65. The company has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $21.90.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. As a group, sell-side analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is presently 71.43%.

Insider Activity at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffery H. Boyd sold 150,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $28.14, for a total transaction of $4,221,000.00. Following the completion of the sale, the director now owns 27,431 shares of the company’s stock, valued at $771,908.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now owns 34,227 shares in the company, valued at $755,732.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,023,935 shares of company stock worth $31,714,532. Company insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

A number of institutional investors and hedge funds have recently made changes to their positions in YOU. Montag A & Associates Inc. bought a new stake in shares of Clear Secure during the 1st quarter worth $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter worth about $26,000. Quarry LP lifted its holdings in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after acquiring an additional 1,163 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after purchasing an additional 6,573 shares during the last quarter. Institutional investors 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.