Clear Secure (NYSE:YOU) Shares Down 2.9% - What's Next?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Clear Secure Stock Up 0.7 %

The stock has a market capitalization of $3.63 billion, a P/E ratio of 30.87 and a beta of 1.37. The stock's 50 day moving average price is $24.39 and its 200-day moving average price is $28.16.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. Clear Secure's payout ratio is 32.47%.

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Hedge Funds Weigh In On Clear Secure

Several institutional investors and hedge funds have recently bought and sold shares of YOU. GAMMA Investing LLC boosted its position in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank purchased a new position in Clear Secure during the 4th quarter worth $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after buying an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other 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.