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CLEAR Secure (NYSE:YOU) Price Target Raised to $28.00 at Stifel Nicolaus

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Key Points

  • CLEAR Secure's price target has been raised to $28.00 by Stifel Nicolaus, indicating a potential downside of 8.11% from its current price, while the firm maintains a "hold" rating on the stock.
  • The stock has seen mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $32.40.
  • Despite a 2.5% increase in stock value recently, CLEAR Secure reported earnings of $0.26 per share, missing analysts' expectations, and experienced significant insider selling of shares over the past quarter.
  • MarketBeat previews the top five stocks to own by September 1st.

CLEAR Secure (NYSE:YOU - Get Free Report) had its price objective increased by analysts at Stifel Nicolaus from $26.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price target indicates a potential downside of 2.98% from the stock's previous close.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Check Out Our Latest Stock Analysis on YOU

CLEAR Secure Stock Performance

Shares of YOU stock traded down $0.55 during trading hours on Tuesday, reaching $28.86. The company had a trading volume of 1,725,717 shares, compared to its average volume of 1,942,602. The business has a fifty day moving average price of $27.27 and a 200-day moving average price of $25.74. CLEAR Secure has a one year low of $18.23 and a one year high of $38.88. The firm has a market cap of $3.84 billion, a PE ratio of 18.04 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The business's revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Equities research analysts forecast that CLEAR Secure will post 0.98 EPS for the current year.

Insider Buying and Selling

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the transaction, the director directly owned 64,935 shares in the company, valued at $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adam Wiener sold 5,000 shares of the business's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director directly owned 207,634 shares in the company, valued at $6,229,020. This trade represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company's stock.

Institutional Investors Weigh In On CLEAR Secure

A number of hedge funds have recently bought and sold shares of YOU. Durable Capital Partners LP purchased a new stake in shares of CLEAR Secure in the first quarter valued at $76,673,000. Arrowstreet Capital Limited Partnership raised its position in CLEAR Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares during the period. Wellington Management Group LLP lifted its stake in CLEAR Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. Nuveen LLC purchased a new position in shares of CLEAR Secure during the first quarter valued at approximately $30,862,000. Finally, Copeland Capital Management LLC grew its stake in shares of CLEAR Secure by 71.4% during the first quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock valued at $51,210,000 after buying an additional 823,166 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

CLEAR Secure Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CLEAR Secure (NYSE:YOU)

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