CLEAR Secure (NYSE:YOU) Given New $90.00 Price Target at Needham & Company LLC

Key Points

• Needham raised its price target on CLEAR Secure to $90 from $70 and maintained a Buy rating, implying 53.14% upside from the stock’s price at the time of the report.
• CLEAR Secure beat quarterly estimates, reporting EPS of $0.52 versus $0.48 expected and revenue of $292.85 million versus $286.65 million; revenue grew 27.8% year over year.
• Shares rose 23.1% to $58.77 in Wednesday trading. Despite Needham’s bullish call, analysts’ consensus rating was Hold, with an average target of $61.14.

CLEAR Secure (NYSE:YOU - Get Free Report) had its price target upped by equities researchers at Needham & Company LLC from $70.00 to $90.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 53.14% from the stock's current price.

A number of other research firms have also weighed in on YOU. Weiss Ratings upgraded shares of CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research note on Monday, July 20th. DA Davidson cut their price target on shares of CLEAR Secure from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, September 11th. JPMorgan Chase & Co. began coverage on shares of CLEAR Secure in a research report on Monday, August 24th. They set an "overweight" rating and a $55.00 price target for the company. Finally, Wall Street Zen lowered shares of CLEAR Secure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure presently has a consensus rating of "Hold" and a consensus target price of $61.14.

CLEAR Secure Stock Up 23.1%

Shares of NYSE YOU traded up $11.01 during trading on Wednesday, reaching $58.77. The company had a trading volume of 5,569,970 shares, compared to its average volume of 1,657,615. CLEAR Secure has a 12-month low of $30.76 and a 12-month high of $69.07. The stock has a market cap of $7.95 billion, a PE ratio of 40.06 and a beta of 0.99. The business's 50-day moving average is $43.10 and its 200 day moving average is $47.62.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $292.85 million during the quarter, compared to analyst estimates of $286.65 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. CLEAR Secure's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, analysts anticipate that CLEAR Secure will post 1.88 earnings per share for the current year.

Insider Buying and Selling at CLEAR Secure

In other news, CAO Dennis W. Liu sold 2,104 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the completion of the transaction, the chief accounting officer directly owned 15,870 shares of the company's stock, valued at $705,738.90. The trade was a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the transaction, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 18,047 shares of company stock worth $808,615. Company insiders own 29.70% of the company's stock.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently modified their holdings of YOU. Arrowstreet Capital Limited Partnership boosted its stake in shares of CLEAR Secure by 0.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock worth $129,784,000 after acquiring an additional 8,883 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CLEAR Secure by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company's stock worth $82,848,000 after purchasing an additional 40,880 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of CLEAR Secure in the 2nd quarter worth $82,542,000. Congress Asset Management Co. bought a new position in CLEAR Secure in the 3rd quarter worth $78,843,000. Finally, Copeland Capital Management LLC raised its holdings in CLEAR Secure by 4.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company's stock worth $73,876,000 after purchasing an additional 78,553 shares during the period. 73.80% of the stock is owned by institutional investors.

Trending Headlines about CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: Third-quarter revenue rose 27.8% year over year to $292.9 million, topping estimates, while diluted earnings of $0.52 per share also beat the $0.48 consensus. Bookings increased 24.4% to $323.5 million. CLEAR Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Profitability improved: net income was $75.3 million, and adjusted EBITDA was $103.9 million. Net and adjusted EBITDA margins expanded by 600 and 490 basis points, respectively, year over year. CLEAR Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Fourth-quarter guidance calls for revenue of $299 million to $302 million, implying 24.8% growth at the midpoint. CLEAR also raised its minimum full-year free-cash-flow outlook to $490 million from $480 million. Q4 Revenue Guidance
• Positive Sentiment: The company reported growth in its customer base, with total CLEAR members up 30.7% and active CLEAR+ members up 14.5% year over year. Its board also authorized an additional $175 million for share repurchases and declared a $0.15 quarterly dividend. CLEAR Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Third-quarter operating cash flow and free cash flow were negative, reflecting an approximately $315 million settlement of accrued partnership liabilities. The company attributed the outflow to that settlement and raised its full-year free-cash-flow guidance. CLEAR Announces Third Quarter 2026 Financial Results

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

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