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

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

Several other equities research analysts have also recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of CLEAR Secure in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

CLEAR Secure Stock Up 1.4%

Shares of NYSE YOU opened at $29.00 on Friday. CLEAR Secure has a twelve month low of $18.23 and a twelve month high of $38.88. The business's 50 day moving average price is $25.55 and its two-hundred day moving average price is $25.39. The company has a market cap of $3.86 billion, a PE ratio of 18.13 and a beta of 1.25.

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

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the sale, the director directly owned 149,093 shares in the company, valued at approximately $3,807,835.22. This trade represents a 60.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Adam Wiener sold 3,000 shares of the 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 owned 212,634 shares of the company's stock, valued at approximately $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 960,964 shares of company stock valued at $24,238,299. Company insiders own 39.73% of the company's stock.

Institutional Trading of CLEAR Secure

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in CLEAR Secure by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock valued at $333,718,000 after acquiring an additional 473,207 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of CLEAR Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after buying an additional 501,000 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of CLEAR Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after buying an additional 1,422,999 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of CLEAR Secure in the 1st quarter worth approximately $76,673,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of 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. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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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