Telsey Advisory Group Reiterates Outperform Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Telsey Advisory Group in a research note issued on Thursday, Benzinga reports. They presently have a $34.00 price objective on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 89.94% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. Wedbush reissued a "neutral" rating and issued a $21.00 price objective on shares of Clear Secure in a research note on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Clear Secure presently has a consensus rating of "Hold" and a consensus price target of $28.40.

Clear Secure Trading Up 4.2 %

NYSE YOU traded up $0.72 during trading hours on Thursday, hitting $17.90. 3,100,127 shares of the company's stock were exchanged, compared to its average volume of 1,598,178. The stock has a 50-day simple moving average of $19.14 and a 200 day simple moving average of $19.71. Clear Secure has a 1-year low of $15.28 and a 1-year high of $27.75. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 59.50 and a beta of 1.59.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business had revenue of $170.97 million during the quarter, compared to analysts' expectations of $166.56 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The firm's revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts anticipate that Clear Secure will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the insider now directly owns 41,727 shares in the company, valued at $834,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Clear Secure

Hedge funds have recently made changes to their positions in the company. Entropy Technologies LP purchased a new position in Clear Secure in the 1st quarter valued at approximately $457,000. ProShare Advisors LLC raised its stake in shares of Clear Secure by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 14,939 shares of the company's stock valued at $318,000 after purchasing an additional 1,327 shares during the period. Montag A & Associates Inc. purchased a new stake in Clear Secure during the 1st quarter worth about $26,000. Swiss National Bank boosted its stake in Clear Secure by 1.3% in the 1st quarter. Swiss National Bank now owns 150,900 shares of the company's stock worth $3,210,000 after purchasing an additional 1,900 shares during the period. Finally, Quantbot Technologies LP grew its holdings in Clear Secure by 302.8% during the 1st quarter. Quantbot Technologies LP now owns 33,159 shares of the company's stock valued at $705,000 after buying an additional 24,926 shares in the last quarter. 73.80% of the stock is currently owned by 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.