CLEAR Secure (NYSE:YOU) Share Price Breaks Above 200 Day Moving Average - What's Next?

Key Points

• CLEAR Secure shares broke above their 200-day moving average, reaching $48.65 and last trading near $47.77, compared with the moving average of $47.54.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $58.29, with five Buy, three Hold, and one Sell rating.
• The company reported stronger-than-expected quarterly results, including $0.49 EPS versus $0.40 expected and 26.6% year-over-year revenue growth; insiders have nevertheless sold $808,615 of shares over the past 90 days.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $47.54 and traded as high as $48.65. CLEAR Secure shares last traded at $47.7730, with a volume of 1,241,911 shares changing hands.

Wall Street Analysts Forecast Growth

YOU has been the subject of several research analyst reports. DA Davidson cut their price objective on CLEAR Secure from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Friday, September 11th. Wall Street Zen cut CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Zacks Research cut shares of CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of CLEAR Secure in a research report on Wednesday, October 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $58.29.

CLEAR Secure Stock Performance

The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 32.50 and a beta of 1.01. The company's 50 day simple moving average is $43.03 and its two-hundred day simple moving average is $47.54.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same quarter last year, the business posted $0.26 EPS. The company's revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

Insider Transactions at CLEAR Secure

In related news, President Michael Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president directly owned 11,550 shares in the company, valued at approximately $519,750. This trade represents a 49.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $200,070.53. Following the sale, the executive vice president owned 29,519 shares of the company's stock, valued at approximately $1,312,709.93. This represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company's stock worth $35,000 after buying an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in CLEAR Secure by 92.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company's stock valued at $39,000 after acquiring an additional 532 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in CLEAR Secure during the third quarter valued at approximately $55,000. Sound Income Strategies LLC lifted its stake in CLEAR Secure by 112.9% in the first quarter. Sound Income Strategies LLC now owns 2,167 shares of the company's stock valued at $106,000 after acquiring an additional 1,149 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in CLEAR Secure by 162.0% in the second quarter. IFP Advisors Inc now owns 1,991 shares of the company's stock valued at $111,000 after acquiring an additional 1,231 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

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