CLEAR Secure (NYSE:YOU) Rating Lowered to "Hold" at Wall Street Zen

CLEAR Secure (NYSE:YOU - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

A number of other research analysts have also recently issued reports on YOU. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a report on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a research note on Monday, March 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.00.

CLEAR Secure Price Performance

Shares of YOU stock opened at $28.39 on Friday. The company has a market capitalization of $3.78 billion, a P/E ratio of 17.74 and a beta of 1.25. The company's 50-day simple moving average is $25.93 and its two-hundred day simple moving average is $25.45. CLEAR Secure has a one year low of $18.23 and a one year high of $38.88.

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

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the transaction, the director directly owned 212,634 shares of the company's stock, valued at $5,847,435. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the transaction, the director directly owned 149,093 shares in the company, valued at approximately $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 960,964 shares of company stock worth $24,238,299. 39.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after buying an additional 748 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of CLEAR Secure in the first quarter worth about $27,000. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure in the first quarter worth about $28,000. Fifth Third Bancorp lifted its stake in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after buying an additional 764 shares in the last quarter. Finally, Huntington National Bank purchased a new position in shares of CLEAR Secure in the fourth quarter worth about $35,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

About CLEAR Secure

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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