Clear Secure (NYSE:YOU) Sees Strong Trading Volume – What’s Next?

Shares of Clear Secure, Inc. (NYSE:YOU) saw an uptick in trading volume on Wednesday . 1,705,977 shares were traded during 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.

Wall Street Analyst Weigh In

YOU has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Clear Secure presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Stock Performance

The firm has a 50 day moving average price of $24.71 and a two-hundred day moving average price of $28.38. The company has a market cap of $3.41 billion, a P/E ratio of 28.46 and a beta of 1.38.

Clear Secure Dividend Announcement

The business also recently announced 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 dividend yield of 2.04%. Clear Secure’s dividend payout ratio is currently 32.47%.

Institutional Investors Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently modified their holdings of YOU. Capital Performance Advisors LLP purchased a new stake in Clear Secure in the 3rd quarter worth approximately $26,000. GAMMA Investing LLC boosted its stake in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the period. Huntington National Bank purchased a new position in Clear Secure during the fourth quarter worth about $35,000. SRS Capital Advisors Inc. grew its position in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after buying an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock worth $61,000 after acquiring an additional 2,276 shares during the last quarter. 73.80% of the stock is currently owned by 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.