Telsey Advisory Group Forecasts Strong Price Appreciation for CLEAR Secure (NYSE:YOU) Stock

Key Points

• Telsey Advisory Group raised its price target for CLEAR Secure (NYSE:YOU) from $32.00 to $37.00, indicating a potential upside of 16.13% from its previous close.
• CLEAR Secure's latest earnings report showed an EPS of $0.26, surpassing estimates, and a year-over-year revenue increase of 17.6%.
• Currently, institutional investors own 73.80% of CLEAR Secure's stock, with notable increases in holdings from several hedge funds in the first quarter.

CLEAR Secure (NYSE:YOU - Get Free Report) had its target price upped by Telsey Advisory Group from $32.00 to $37.00 in a research note issued to investors on Wednesday. The brokerage currently has an "outperform" rating on the stock. Telsey Advisory Group's target price would indicate a potential upside of 16.13% from the stock's previous close.

A number of other brokerages also recently issued reports on YOU. Wall Street Zen downgraded CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Stifel Nicolaus raised their target price on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.40.

CLEAR Secure Stock Performance

NYSE YOU opened at $31.86 on Wednesday. The business has a fifty day moving average price of $27.64 and a 200 day moving average price of $25.83. CLEAR Secure has a one year low of $21.67 and a one year high of $38.88. The company has a market cap of $4.24 billion, a P/E ratio of 19.91 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm had revenue of $219.47 million during the quarter, compared to the consensus estimate of $214.90 million. During the same period in the prior year, the company earned $0.34 EPS. The firm's revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts predict that CLEAR Secure will post 0.98 EPS for the current fiscal year.

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares of the company's stock, valued at approximately $6,229,020. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the sale, the director directly owned 149,093 shares of the company's stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 965,964 shares of company stock valued at $24,388,299 over the last three months. Corporate insiders own 39.73% of the company's stock.

Institutional Trading of CLEAR Secure

A number of hedge funds and other institutional investors have recently modified their holdings of YOU. Geneos Wealth Management Inc. boosted its holdings in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $25,000 after acquiring an additional 748 shares during the period. Harbor Investment Advisory LLC purchased a new position in CLEAR Secure during the 1st quarter valued at about $27,000. Advisors Asset Management Inc. purchased a new position in CLEAR Secure during the 1st quarter valued at about $28,000. Fifth Third Bancorp boosted its holdings in CLEAR Secure by 217.0% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after acquiring an additional 764 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in CLEAR Secure by 72.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after acquiring an additional 617 shares during the period. 73.80% of the stock is 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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