Clear Secure (NYSE:YOU) Shares Down 4.5% - Time to Sell?

Clear Secure, Inc. (NYSE:YOU - Get Free Report) dropped 4.5% during mid-day trading on Friday . The company traded as low as $35.32 and last traded at $35.64. Approximately 533,370 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,680,471 shares. The stock had previously closed at $37.33.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YOU shares. Needham & Company LLC lifted their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.20.

Clear Secure Price Performance

The stock's 50-day moving average is $30.77 and its 200 day moving average is $22.97. The company has a market cap of $5.22 billion, a PE ratio of 64.80 and a beta of 1.65.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to analysts' expectations of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The business's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. On average, analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. Clear Secure's dividend payout ratio is currently 71.43%.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 owns 34,227 shares in the company, valued at $755,732.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,173,935 shares of company stock valued at $36,826,532. Insiders own 37.85% of the company's stock.

Institutional Trading of Clear Secure

A number of hedge funds and other institutional investors have recently made changes to their positions in YOU. Janus Henderson Group PLC grew its position in Clear Secure by 232.1% during the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company's stock valued at $2,452,000 after buying an additional 80,569 shares during the period. Nordea Investment Management AB grew its position in Clear Secure by 425.7% during the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company's stock valued at $5,129,000 after buying an additional 193,889 shares during the period. Quadrature Capital Ltd acquired a new stake in Clear Secure during the fourth quarter valued at $896,000. Cornerstone Wealth Management LLC acquired a new stake in Clear Secure during the second quarter valued at $840,000. Finally, Vanguard Group Inc. grew its position in Clear Secure by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company's stock valued at $195,363,000 after buying an additional 211,214 shares during the period. Institutional investors and hedge funds 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.