Clear Secure (NYSE:YOU) Price Target Cut to $26.00 by Analysts at Stifel Nicolaus

Clear Secure (NYSE:YOU) had its target price trimmed by Stifel Nicolaus from $32.00 to $26.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Up 1.8 %

Shares of NYSE YOU opened at $22.63 on Thursday. The company has a market capitalization of $3.15 billion, a P/E ratio of 26.31 and a beta of 1.38. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a 50 day moving average of $24.89 and a 200-day moving average of $28.44.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.21%. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the period. Wellington Management Group LLP acquired a new stake in Clear Secure during the third quarter worth approximately $62,950,000. FMR LLC grew its position in Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Clear Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock worth $73,707,000 after acquiring an additional 1,463,748 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Clear Secure in the 4th quarter valued at $37,697,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.