Clear Secure (NYSE:YOU) Sets New 52-Week Low at $20.18

Clear Secure, Inc. (NYSE:YOU)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $20.18 and last traded at $20.61, with a volume of 215594 shares. The stock had previously closed at $20.78.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush assumed coverage on Clear Secure in a research note on Monday, June 5th. They issued a “neutral” rating and a $27.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Monday. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus assumed coverage on Clear Secure in a research note on Thursday, May 25th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.50.

Clear Secure Stock Down 1.5 %

The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of -35.22 and a beta of 1.33. The business has a 50-day moving average of $22.68 and a two-hundred day moving average of $24.07.

Clear Secure (NYSE:YOU) last released its earnings results on Wednesday, August 2nd. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Clear Secure had a negative return on equity of 11.99% and a negative net margin of 9.37%. The business had revenue of $149.87 million for the quarter, compared to the consensus estimate of $140.04 million. Equities analysts predict that Clear Secure, Inc. will post -0.03 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 10th. Clear Secure’s payout ratio is -47.46%.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, major shareholder Durable Capital Partners Lp sold 2,640,735 shares of Clear Secure stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $25.27, for a total transaction of $66,731,373.45. Following the sale, the insider now directly owns 8,809,211 shares of the company’s stock, valued at $222,608,761.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of YOU. Advisor Group Holdings Inc. boosted its holdings in shares of Clear Secure by 12.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,858 shares of the company’s stock worth $210,000 after acquiring an additional 899 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Clear Secure by 13.5% in the 1st quarter. Bank of New York Mellon Corp now owns 17,679 shares of the company’s stock worth $475,000 after acquiring an additional 2,108 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Clear Secure in the 1st quarter worth approximately $209,000. BlackRock Inc. boosted its holdings in shares of Clear Secure by 8.2% in the 1st quarter. BlackRock Inc. now owns 505,861 shares of the company’s stock worth $13,598,000 after acquiring an additional 38,299 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Clear Secure by 143.5% in the 1st quarter. Vanguard Group Inc. now owns 3,258,957 shares of the company’s stock worth $87,601,000 after purchasing an additional 1,920,329 shares during the last quarter. 64.13% of the stock is owned by institutional investors and hedge funds.

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. 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 enhance the experience for existing members.