Clear Secure (NYSE:YOU) Given Neutral Rating at Wedbush

Clear Secure (NYSE:YOU)‘s stock had its “neutral” rating reaffirmed by stock analysts at Wedbush in a report released on Wednesday, Benzinga reports. They presently have a $21.00 target price on the stock. Wedbush’s price target suggests a potential upside of 17.32% from the company’s current price.

A number of other equities research analysts also recently issued reports on YOU. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Tuesday, March 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Clear Secure currently has a consensus rating of “Hold” and a consensus price target of $28.40.

Clear Secure Price Performance

Shares of YOU stock opened at $17.90 on Wednesday. The firm’s 50-day simple moving average is $19.14 and its 200-day simple moving average is $19.71. Clear Secure has a 1-year low of $15.28 and a 1-year high of $27.75. The firm has a market cap of $2.84 billion, a P/E ratio of 59.50 and a beta of 1.59.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The company had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. During the same quarter last year, the business earned ($0.12) EPS. Clear Secure’s revenue for the quarter was up 33.3% on a year-over-year basis. Analysts expect that Clear Secure will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the insider now directly owns 41,727 shares in the company, valued at approximately $834,540. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 39.94% of the company’s stock.

Institutional Investors Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new position in Clear Secure in the 1st quarter valued at about $26,000. Quarry LP increased its position in shares of Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after acquiring an additional 1,163 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Clear Secure in the third quarter worth about $68,000. Aigen Investment Management LP purchased a new position in Clear Secure in the third quarter valued at about $192,000. Finally, Russell Investments Group Ltd. grew its stake in Clear Secure by 56.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock valued at $211,000 after purchasing an additional 3,683 shares in the last quarter. Hedge funds and other institutional investors 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.