Clear Secure (YOU) to Release Earnings on Monday

Clear Secure (NYSE:YOUGet Rating) will be releasing its earnings data before the market opens on Monday, May 16th. Analysts expect Clear Secure to post earnings of ($0.13) per share for the quarter. Clear Secure has set its Q1 2022 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Clear Secure (NYSE:YOUGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.12. Clear Secure had a negative return on equity of 29.53% and a negative net margin of 19.38%. The business had revenue of $80.70 million during the quarter, compared to analyst estimates of $78.12 million. The business’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, analysts expect Clear Secure to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE YOU opened at $27.69 on Monday. Clear Secure has a 12 month low of $18.79 and a 12 month high of $65.70. The business has a fifty day simple moving average of $26.18 and a 200-day simple moving average of $29.52.

In related news, major shareholder Durable Capital Partners Lp acquired 314,229 shares of the stock in a transaction dated Tuesday, March 1st. The shares were acquired at an average price of $25.81 per share, with a total value of $8,110,250.49. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 749,033 shares of company stock worth $19,330,785.

A number of large investors have recently made changes to their positions in YOU. Citigroup Inc. bought a new stake in Clear Secure during the 4th quarter valued at approximately $36,000. Royal Bank of Canada lifted its position in shares of Clear Secure by 688.3% in the 3rd quarter. Royal Bank of Canada now owns 2,365 shares of the company’s stock worth $97,000 after acquiring an additional 2,065 shares during the period. Legal & General Group Plc bought a new stake in shares of Clear Secure in the 4th quarter worth approximately $136,000. JPMorgan Chase & Co. lifted its position in shares of Clear Secure by 2,464.0% in the 4th quarter. JPMorgan Chase & Co. now owns 6,410 shares of the company’s stock worth $201,000 after acquiring an additional 6,160 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position 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 during the period. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Several equities research analysts recently issued reports on YOU shares. The Goldman Sachs Group reduced their price objective on Clear Secure from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, March 24th. Stifel Nicolaus increased their price objective on Clear Secure from $32.00 to $34.00 in a research note on Wednesday, March 23rd. Telsey Advisory Group reduced their price objective on Clear Secure from $62.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, March 21st. Zacks Investment Research raised Clear Secure from a “sell” rating to a “hold” rating in a research note on Friday, January 21st. Finally, Wells Fargo & Company reduced their price objective on Clear Secure from $29.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Clear Secure has an average rating of “Hold” and a consensus target price of $35.29.

Clear Secure Company Profile (Get Rating)

Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.

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