CLEAR Secure (NYSE:YOU) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of CLEAR Secure with an “overweight” rating and a $55 price target, implying 24.89% upside from the prior close.
• Analyst sentiment is mixed: the stock has five Buy, three Hold, and one Sell ratings, resulting in a consensus “Hold” rating and an average price target of $59.71.
• CLEAR Secure reported quarterly earnings of $0.49 per share, beating estimates by $0.09, while revenue rose 26.6% year over year to $277.76 million.

JPMorgan Chase & Co. assumed coverage on shares of CLEAR Secure (NYSE:YOU - Get Free Report) in a research report issued on Monday. The firm set an "overweight" rating and a $55.00 price target on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 24.89% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen upgraded CLEAR Secure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded CLEAR Secure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Wells Fargo & Company lifted their target price on CLEAR Secure from $33.00 to $40.00 and gave the company an "underweight" rating in a research report on Thursday, May 7th. Needham & Company LLC increased their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered shares of CLEAR Secure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.71.

CLEAR Secure Stock Performance

Shares of NYSE YOU traded up $0.75 during midday trading on Monday, reaching $44.04. The company's stock had a trading volume of 44,737 shares, compared to its average volume of 1,609,989. CLEAR Secure has a fifty-two week low of $29.43 and a fifty-two week high of $69.07. The company has a market cap of $5.96 billion, a P/E ratio of 29.97 and a beta of 1.06. The business's 50 day moving average price is $52.49 and its two-hundred day moving average price is $50.44.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million during the quarter, compared to analysts' expectations of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. CLEAR Secure's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. Sell-side analysts forecast that CLEAR Secure will post 1.71 earnings per share for the current fiscal year.

Insider Activity at CLEAR Secure

In other news, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YOU. California State Teachers Retirement System grew its position in shares of CLEAR Secure by 5,221.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company's stock valued at $303,055,000 after buying an additional 5,335,727 shares during the last quarter. Odyssean LLC lifted its stake in shares of CLEAR Secure by 58.3% in the second quarter. Odyssean LLC now owns 19,887 shares of the company's stock worth $1,108,000 after acquiring an additional 7,322 shares during the period. Nykredit A S acquired a new position in shares of CLEAR Secure in the second quarter worth approximately $218,000. Globeflex Capital L P bought a new stake in CLEAR Secure in the second quarter valued at approximately $128,000. Finally, Abacus FCF Advisors LLC acquired a new stake in CLEAR Secure during the 2nd quarter valued at approximately $3,033,000. 73.80% of the stock is owned by institutional investors and hedge funds.

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.

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