Clear Secure (NYSE:YOU) Trading Up 4.1%

Clear Secure, Inc. (NYSE:YOU - Get Free Report)'s stock price was up 4.1% during mid-day trading on Monday . The stock traded as high as $20.12 and last traded at $20.00. Approximately 320,735 shares traded hands during trading, a decline of 79% from the average daily volume of 1,507,659 shares. The stock had previously closed at $19.22.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on YOU shares. Wedbush reissued a "neutral" rating and set a $23.00 price target on shares of Clear Secure in a report on Wednesday, February 28th. Telsey Advisory Group reissued an "outperform" rating and set a $34.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. Wells Fargo & Company reissued an "underweight" rating and set a $20.00 price target on shares of Clear Secure in a report on Wednesday, December 20th. TheStreet raised Clear Secure from a "d+" rating to a "c-" rating in a report on Friday, December 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $40.00 price target on shares of Clear Secure in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.80.

Clear Secure Price Performance

The company has a 50-day moving average price of $19.56 and a 200 day moving average price of $19.65. The firm has a market capitalization of $3.13 billion, a PE ratio of 65.80 and a beta of 1.54.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $170.97 million for the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business's revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) earnings per share. As a group, research analysts anticipate that Clear Secure, Inc. will post 0.41 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a None dividend, which will be paid on Monday, April 8th. Investors of record on Monday, April 1st will be given a $0.32 dividend. This is an increase from Clear Secure's previous None dividend of $0.25. The ex-dividend date is Thursday, March 28th. Clear Secure's payout ratio is currently 120.00%.

Insider Buying and Selling

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the insider now directly owns 41,727 shares in the company, valued at $834,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Durable Capital Partners LP raised its position in Clear Secure by 25.5% during the first quarter. Durable Capital Partners LP now owns 10,751,370 shares of the company's stock valued at $288,997,000 after purchasing an additional 2,184,428 shares during the period. Vanguard Group Inc. raised its position in Clear Secure by 143.5% during the first quarter. Vanguard Group Inc. now owns 3,258,957 shares of the company's stock valued at $87,601,000 after purchasing an additional 1,920,329 shares during the period. BlackRock Inc. raised its position in Clear Secure by 31.5% during the second quarter. BlackRock Inc. now owns 7,086,010 shares of the company's stock valued at $164,183,000 after purchasing an additional 1,696,921 shares during the period. Goldman Sachs Group Inc. raised its position in Clear Secure by 86.3% during the second quarter. Goldman Sachs Group Inc. now owns 3,260,048 shares of the company's stock valued at $75,535,000 after purchasing an additional 1,510,168 shares during the period. Finally, State Street Corp raised its position in Clear Secure by 606.0% during the second quarter. State Street Corp now owns 1,007,168 shares of the company's stock valued at $20,143,000 after purchasing an additional 864,515 shares during the period. 73.80% of the stock is currently 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.