Clear Secure (NYSE:YOU) Earns "Buy" Rating from Needham & Company LLC

Clear Secure (NYSE:YOU - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Needham & Company LLC in a research report issued on Wednesday, Benzinga reports. They currently have a $40.00 price objective on the stock. Needham & Company LLC's price target suggests a potential upside of 126.50% from the stock's current price.

Several other equities analysts also recently commented on YOU. Telsey Advisory Group restated an "outperform" rating and issued a $34.00 price objective on shares of Clear Secure in a research report on Thursday, May 9th. Wedbush reiterated a "neutral" rating and issued a $21.00 price target on shares of Clear Secure in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.40.

Clear Secure Trading Down 0.8 %

Clear Secure stock traded down $0.14 during trading on Wednesday, reaching $17.66. The company had a trading volume of 1,569,442 shares, compared to its average volume of 1,617,248. The firm's 50-day simple moving average is $19.03 and its 200 day simple moving average is $19.75. Clear Secure has a 52 week low of $15.28 and a 52 week high of $27.75. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 31.93 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $170.97 million during the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The firm's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. On average, analysts predict that Clear Secure will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Clear Secure by 15.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,195 shares of the company's stock valued at $1,111,000 after purchasing an additional 7,042 shares during the last quarter. Lazard Asset Management LLC lifted its position in Clear Secure by 47.5% in the first quarter. Lazard Asset Management LLC now owns 15,484 shares of the company's stock worth $328,000 after buying an additional 4,988 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Clear Secure by 26.2% during the first quarter. Epoch Investment Partners Inc. now owns 73,614 shares of the company's stock worth $1,566,000 after buying an additional 15,269 shares during the period. Quadrature Capital Ltd increased its position in Clear Secure by 4.7% during the first quarter. Quadrature Capital Ltd now owns 45,446 shares of the company's stock valued at $967,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Clear Secure in the first quarter valued at $1,417,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

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.