Clear Secure, Inc. (NYSE:YOU) Given Average Rating of “Hold” by Analysts

Clear Secure, Inc. (NYSE:YOUGet Rating) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.83.

YOU has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Clear Secure from $32.00 to $34.00 in a research note on Wednesday, March 23rd. Loop Capital cut their target price on Clear Secure from $40.00 to $26.00 in a research note on Wednesday, March 30th. The Goldman Sachs Group dropped their price target on Clear Secure from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, March 24th. Wells Fargo & Company dropped their price target on Clear Secure from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 15th. Finally, Telsey Advisory Group raised their price target on Clear Secure to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 17th.

In other Clear Secure news, major shareholder General Atlantic Partners Aiv sold 3,800,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $31.65, for a total transaction of $120,270,000.00. Following the sale, the insider now directly owns 7,013,699 shares of the company’s stock, valued at $221,983,573.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp purchased 80,300 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were acquired at an average cost of $24.79 per share, for a total transaction of $1,990,637.00. Following the completion of the acquisition, the insider now owns 11,476,588 shares of the company’s stock, valued at $284,504,616.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,074,762 shares of company stock worth $27,572,498.

A number of large investors have recently bought and sold shares of YOU. Morgan Stanley bought a new stake in Clear Secure during the second quarter valued at about $36,265,000. Advisor Group Holdings Inc. increased its holdings in shares of Clear Secure by 12,938.0% in the third quarter. Advisor Group Holdings Inc. now owns 13,038 shares of the company’s stock worth $537,000 after purchasing an additional 12,938 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Clear Secure by 35.9% in the third quarter. Principal Financial Group Inc. now owns 306,413 shares of the company’s stock worth $12,579,000 after purchasing an additional 80,987 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Clear Secure by 1,709.3% in the third quarter. BlackRock Inc. now owns 180,930 shares of the company’s stock worth $7,427,000 after purchasing an additional 170,930 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Clear Secure in the third quarter worth about $239,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of YOU opened at $28.81 on Friday. The business’s fifty day simple moving average is $27.27 and its two-hundred day simple moving average is $28.53. Clear Secure has a 12 month low of $18.79 and a 12 month high of $65.70. The company has a market cap of $4.32 billion and a price-to-earnings ratio of -47.23.

Clear Secure (NYSE:YOUGet Rating) last issued its earnings results on Monday, May 16th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. Clear Secure had a negative return on equity of 8.30% and a negative net margin of 15.79%. The business had revenue of $90.50 million for the quarter, compared to the consensus estimate of $88.31 million. Clear Secure’s quarterly revenue was up 78.9% on a year-over-year basis. Equities analysts expect that Clear Secure will post -0.39 earnings per share for the current fiscal year.

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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