CLEAR Secure (NYSE:YOU) Cut to Hold at Zacks Research

Zacks Research lowered shares of CLEAR Secure (NYSE:YOU) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $45.00 target price on shares of CLEAR Secure in a research report on Wednesday, December 17th. Wells Fargo & Company raised their price objective on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $42.00 in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.86.

CLEAR Secure Trading Up 0.4%

NYSE YOU opened at $32.67 on Tuesday. The firm’s 50 day simple moving average is $35.06 and its 200 day simple moving average is $34.30. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 19.92 and a beta of 1.21. CLEAR Secure has a 1 year low of $21.67 and a 1 year high of $42.29.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total value of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the sale, the insider directly owned 15,533 shares of the company’s stock, valued at approximately $636,853. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,532 shares of company stock valued at $1,446,812 in the last ninety days. 39.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently bought and sold shares of YOU. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. First Trust Advisors LP grew its position in CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares during the period. Wellington Management Group LLP increased its stake in CLEAR Secure by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock valued at $83,103,000 after purchasing an additional 139,048 shares in the last quarter. Geode Capital Management LLC raised its holdings in CLEAR Secure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock worth $86,069,000 after buying an additional 20,419 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CLEAR Secure by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,670,411 shares of the company’s stock valued at $58,600,000 after buying an additional 68,560 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.