Clear Secure (NYSE:YOU) Sees Large Volume Increase - Still a Buy?

Clear Secure, Inc. (NYSE:YOU - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,705,977 shares traded hands during mid-day trading, a decline of 16% from the previous session's volume of 2,020,043 shares.The stock last traded at $24.42 and had previously closed at $24.17.

Analyst Ratings Changes

YOU has been the topic of several analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Stifel Nicolaus cut their target price 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Price Performance

The company has a 50 day moving average of $24.59 and a 200-day moving average of $28.32. The company has a market capitalization of $3.57 billion, a P/E ratio of 29.80 and a beta of 1.37.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.95%. Clear Secure's payout ratio is 32.47%.

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Institutional Trading of Clear Secure

Several large investors have recently bought and sold shares of the company. Cim LLC boosted its position in Clear Secure by 14.3% during the 4th quarter. Cim LLC now owns 57,566 shares of the company's stock valued at $1,534,000 after acquiring an additional 7,219 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in shares of Clear Secure by 100.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 21,442 shares of the company's stock worth $571,000 after buying an additional 10,742 shares during the last quarter. WCG Wealth Advisors LLC grew its stake in shares of Clear Secure by 13.0% in the 4th quarter. WCG Wealth Advisors LLC now owns 13,971 shares of the company's stock worth $372,000 after buying an additional 1,609 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Clear Secure by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,641 shares of the company's stock worth $4,652,000 after buying an additional 33,174 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Clear Secure by 88.0% in the 4th quarter. Vident Advisory LLC now owns 14,070 shares of the company's stock worth $375,000 after buying an additional 6,585 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

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.