Telsey Advisory Group Issues Pessimistic Forecast for Clear Secure (NYSE:YOU) Stock Price

Clear Secure (NYSE:YOU - Free Report) had its price target decreased by Telsey Advisory Group from $42.00 to $32.00 in a research report released on Friday, Marketbeat.com reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Clear Secure has an average rating of "Moderate Buy" and an average target price of $32.00.

Clear Secure Stock Up 0.7 %

NYSE:YOU traded up $0.19 during mid-day trading on Friday, reaching $26.36. The company's stock had a trading volume of 900,422 shares, compared to its average volume of 2,011,896. The firm has a market capitalization of $3.61 billion, a PE ratio of 30.68 and a beta of 1.25. The stock has a fifty day moving average of $25.67 and a 200-day moving average of $26.60. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 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 1.90%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

Institutional Trading of Clear Secure

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Virtu Financial LLC purchased a new position in Clear Secure in the third quarter worth $480,000. Tidal Investments LLC acquired a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $1,026,000. Franklin Resources Inc. boosted its stake in shares of Clear Secure by 10.9% during the 3rd quarter. Franklin Resources Inc. now owns 46,175 shares of the company's stock worth $1,612,000 after acquiring an additional 4,527 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Clear Secure in the 3rd quarter worth approximately $20,243,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after acquiring an additional 466,901 shares during the period. Hedge funds and other institutional investors own 73.80% of the company's stock.

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.