CLEAR Secure (NYSE:YOU) Stock Rating Upgraded by Wall Street Zen

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

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

CLEAR Secure Stock Performance

YOU traded down $0.09 during mid-day trading on Friday, reaching $28.61. 1,536,146 shares of the stock were exchanged, compared to its average volume of 2,061,405. The company has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $25.42. The stock has a market capitalization of $3.81 billion, a PE ratio of 17.88 and a beta of 1.25. CLEAR Secure has a 1 year low of $18.23 and a 1 year high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released 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). The firm had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Sell-side analysts expect that CLEAR Secure will post 0.98 EPS for the current fiscal year.

Insider Buying and Selling at CLEAR Secure

In related news, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total value of $82,500.00. Following the sale, the director directly owned 212,634 shares in the company, valued at approximately $5,847,435. The trade was a 1.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director owned 64,935 shares of the company's stock, valued at $1,624,673.70. This represents a 82.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 960,964 shares of company stock valued at $24,238,299. 39.73% of the stock is owned by corporate insiders.

Institutional Trading of CLEAR Secure

A number of institutional investors have recently modified their holdings of YOU. Gallacher Capital Management LLC purchased a new position in shares of CLEAR Secure during the 2nd quarter valued at $328,000. Harbor Investment Advisory LLC boosted its stake in CLEAR Secure by 562.1% during the second quarter. Harbor Investment Advisory LLC now owns 6,992 shares of the company's stock valued at $194,000 after buying an additional 5,936 shares during the period. Cim LLC grew its position in CLEAR Secure by 1.0% during the first quarter. Cim LLC now owns 58,156 shares of the company's stock worth $1,507,000 after buying an additional 590 shares in the last quarter. First Hawaiian Bank increased its stake in CLEAR Secure by 2.8% in the 1st quarter. First Hawaiian Bank now owns 44,604 shares of the company's stock worth $1,156,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in CLEAR Secure by 1.8% in the 1st quarter. Rhumbline Advisers now owns 247,921 shares of the company's stock worth $6,424,000 after acquiring an additional 4,325 shares during the last quarter. 73.80% of the stock is currently 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.