Clear Secure (NYSE:YOU) Shares Gap Down – What’s Next?

Clear Secure, Inc. (NYSE:YOU) gapped down before the market opened on Thursday . The stock had previously closed at $38.45, but opened at $31.24. Clear Secure shares last traded at $30.65, with a volume of 1,642,376 shares traded.

Analyst Ratings Changes

YOU has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus raised their price objective on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group increased their target price on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.83.

Clear Secure Stock Performance

The firm has a market cap of $4.08 billion, a P/E ratio of 38.58 and a beta of 1.63. The firm has a fifty day moving average of $33.16 and a 200-day moving average of $24.67.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts expect that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.71%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is 64.10%.

Insider Buying and Selling at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares of the company’s stock, valued at approximately $722,698.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total value of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares in the company, valued at $722,698.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,164,935 shares of company stock worth $36,623,387 over the last 90 days. 37.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in YOU. Allspring Global Investments Holdings LLC raised its stake in shares of Clear Secure by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock valued at $411,000 after purchasing an additional 1,631 shares during the period. Nordea Investment Management AB lifted its stake in Clear Secure by 425.7% during the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock worth $5,129,000 after purchasing an additional 193,889 shares during the last quarter. Quantbot Technologies LP lifted its stake in Clear Secure by 302.8% during the first quarter. Quantbot Technologies LP now owns 33,159 shares of the company’s stock worth $705,000 after purchasing an additional 24,926 shares during the last quarter. Swiss National Bank lifted its stake in Clear Secure by 1.3% during the first quarter. Swiss National Bank now owns 150,900 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of Clear Secure in the 1st quarter valued at $26,000. Institutional investors and hedge funds 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.