CLEAR Secure (NYSE:YOU) Earns "Outperform" Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group reaffirmed an "outperform" rating for CLEAR Secure, with a price target of $32.00, suggesting an 8.03% upside from its current price.
• Despite recent earnings missing estimates, CLEAR Secure reported 18.1% revenue growth compared to the previous year, indicating a strong operational performance.
• Insider activity saw large stock sales with Director Kenneth L. Cornick selling over 228,000 shares, potentially signaling changes in investor sentiment regarding the company's future.

CLEAR Secure (NYSE:YOU - Get Free Report)'s stock had its "outperform" rating reaffirmed by Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $32.00 price target on the stock. Telsey Advisory Group's price objective points to a potential upside of 10.94% from the stock's current price.

Several other analysts have also issued reports on the company. Wall Street Zen lowered CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Stifel Nicolaus raised their price objective on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.40.

CLEAR Secure Stock Performance

Shares of NYSE YOU traded down $0.57 during midday trading on Wednesday, hitting $28.85. 187,562 shares of the company's stock traded hands, compared to its average volume of 1,931,331. The firm has a fifty day moving average of $27.27 and a 200 day moving average of $25.74. CLEAR Secure has a 1 year low of $18.23 and a 1 year high of $38.88. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.03 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its 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 business had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that CLEAR Secure will post 0.98 earnings per share for the current year.

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director directly owned 207,634 shares in the company, valued at approximately $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of the 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 transaction, the director directly owned 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company's stock.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently made changes to their positions in YOU. Commonwealth Equity Services LLC raised its position in shares of CLEAR Secure by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock valued at $499,000 after buying an additional 612 shares in the last quarter. American Century Companies Inc. increased its stake in CLEAR Secure by 18.1% during the fourth quarter. American Century Companies Inc. now owns 41,188 shares of the company's stock worth $1,097,000 after acquiring an additional 6,316 shares during the last quarter. Sei Investments Co. raised its position in CLEAR Secure by 35.4% during the fourth quarter. Sei Investments Co. now owns 72,101 shares of the company's stock valued at $1,921,000 after purchasing an additional 18,861 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 473,207 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of CLEAR Secure by 5.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,769,257 shares of the company's stock valued at $47,133,000 after purchasing an additional 95,660 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Company Profile

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.