Clear Secure (NYSE:YOU) Sees Large Volume Increase – Should You Buy?

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

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

Clear Secure Stock Performance

The company’s 50-day simple moving average is $24.71 and its two-hundred day simple moving average is $28.38. The firm has a market cap of $3.41 billion, a PE ratio of 28.46 and a beta of 1.38.

Clear Secure Dividend Announcement

The firm also recently declared 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. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, March 10th. Clear Secure’s payout ratio is 32.47%.

Institutional Trading of Clear Secure

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