Clear Secure’s (YOU) Buy Rating Reaffirmed at Needham & Company LLC

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $45.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 22.15% from the stock’s previous close.

YOU has been the topic of several other research reports. Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group upped their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.83.

Clear Secure Stock Performance

NYSE:YOU traded up $0.06 on Friday, hitting $36.84. The stock had a trading volume of 2,310,774 shares, compared to its average volume of 1,686,013. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.04. The firm’s fifty day simple moving average is $32.54 and its two-hundred day simple moving average is $24.13. The stock has a market cap of $5.13 billion, a P/E ratio of 47.23 and a beta of 1.65.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. Clear Secure’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. Equities research analysts predict that Clear Secure will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The trade was a 0.00 % 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. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,173,935 shares of company stock valued at $36,826,532. Corporate insiders own 37.85% of the company’s stock.

Institutional Trading of Clear Secure

Several institutional investors and hedge funds have recently made changes to their positions in YOU. Capital Performance Advisors LLP purchased a new stake in Clear Secure in the third quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Clear Secure during the 3rd quarter valued at $33,000. Montag A & Associates Inc. purchased a new position in Clear Secure in the 1st quarter worth $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure during the second quarter valued at about $26,000. Finally, NBC Securities Inc. purchased a new stake in Clear Secure during the third quarter valued at about $105,000. 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.