Stifel Nicolaus Issues Pessimistic Forecast for Clear Secure (NYSE:YOU) Stock Price

Clear Secure (NYSE:YOU - Free Report) had its price target trimmed by Stifel Nicolaus from $32.00 to $26.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a report on Thursday. Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a research note on Thursday. Finally, Wedbush reiterated a "neutral" rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Clear Secure Stock Up 0.3 %

Shares of YOU stock traded up $0.08 during mid-day trading on Thursday, reaching $23.79. 3,130,982 shares of the company's stock traded hands, compared to its average volume of 2,014,864. The company's 50-day moving average price is $24.84 and its 200-day moving average price is $28.44. The company has a market cap of $3.32 billion, a P/E ratio of 27.66 and a beta of 1.38. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88.

Remove Ads

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, March 10th. Clear Secure's payout ratio is 32.47%.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds have recently added to or reduced their stakes in YOU. Penserra Capital Management LLC bought a new stake in shares of Clear Secure in the 3rd quarter worth $2,010,000. Foundry Partners LLC increased its holdings in Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock worth $7,086,000 after buying an additional 185,957 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock worth $1,272,000 after buying an additional 30,733 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Clear Secure in the 3rd quarter worth about $2,401,000. Finally, Meritage Portfolio Management lifted its stake in Clear Secure by 108.8% during the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company's stock valued at $1,208,000 after acquiring an additional 18,994 shares during the period. 73.80% of the stock is currently owned by hedge funds and other 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.