Q4 2022 Earnings Forecast for Clear Secure, Inc. Issued By Telsey Advisory Group (NYSE:YOU)

Clear Secure, Inc. (NYSE:YOU – Get Rating) – Equities research analysts at Telsey Advisory Group lowered their Q4 2022 EPS estimates for Clear Secure in a research report issued to clients and investors on Tuesday, May 17th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn ($0.03) per share for the quarter, down from their previous estimate of ($0.01). Telsey Advisory Group currently has a “Outperform” rating and a $38.00 target price on the stock. Telsey Advisory Group also issued estimates for Clear Secure’s FY2023 earnings at ($0.10) EPS.

Clear Secure (NYSE:YOU – Get Rating) last released its quarterly earnings data on Monday, May 16th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.10. Clear Secure had a negative net margin of 19.38% and a negative return on equity of 29.53%. The firm had revenue of $90.50 million for the quarter, compared to the consensus estimate of $88.31 million. The business’s revenue was up 78.9% on a year-over-year basis.

Several other research analysts have also recently issued reports on the company. Loop Capital cut their target price on Clear Secure from $40.00 to $26.00 in a research report on Wednesday, March 30th. Wells Fargo & Company reduced their target price on shares of 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. Stifel Nicolaus raised their price target on shares of Clear Secure from $32.00 to $34.00 in a research report on Wednesday, March 23rd. Zacks Investment Research raised shares of Clear Secure from a “sell” rating to a “hold” rating in a research report on Friday, January 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Clear Secure from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, March 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure has a consensus rating of “Hold” and a consensus price target of $36.14.

Shares of YOU opened at $29.49 on Thursday. The firm has a market capitalization of $4.42 billion and a P/E ratio of -48.34. Clear Secure has a 52 week low of $18.79 and a 52 week high of $65.70. The stock has a 50 day moving average price of $26.92 and a two-hundred day moving average price of $28.90.

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP increased its stake in shares of Clear Secure by 449.6% in the first quarter. Quantbot Technologies LP now owns 14,872 shares of the company’s stock worth $399,000 after purchasing an additional 12,166 shares in the last quarter. Royal Bank of Canada boosted its holdings in Clear Secure by 114.0% in the 1st quarter. Royal Bank of Canada now owns 10,337 shares of the company’s stock worth $277,000 after buying an additional 5,506 shares during the period. Ensign Peak Advisors Inc purchased a new position in Clear Secure in the 1st quarter valued at approximately $109,000. California State Teachers Retirement System raised its holdings in Clear Secure by 99.3% during the 1st quarter. California State Teachers Retirement System now owns 25,256 shares of the company’s stock valued at $679,000 after acquiring an additional 12,581 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Clear Secure by 218.9% during the first quarter. Goldman Sachs Group Inc. now owns 295,194 shares of the company’s stock worth $7,935,000 after acquiring an additional 202,625 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

In related news, major shareholder Durable Capital Partners Lp purchased 3,800 shares of the firm’s stock in a transaction dated Monday, April 11th. The stock was bought at an average price of $26.33 per share, for a total transaction of $100,054.00. Following the purchase, the insider now directly owns 11,061,159 shares in the company, valued at approximately $291,240,316.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 1,074,762 shares of company stock worth $27,572,498.

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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