Clear Secure, Inc. (NYSE:YOU) Receives $33.83 Consensus Price Target from Brokerages

Clear Secure, Inc. (NYSE:YOUGet Rating) has earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $33.83.

A number of research firms have issued reports on YOU. Telsey Advisory Group increased their price target on Clear Secure to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, May 17th. The Goldman Sachs Group cut their target price on Clear Secure from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, March 24th. Stifel Nicolaus increased their target price on Clear Secure from $32.00 to $34.00 in a report on Wednesday, March 23rd. Loop Capital cut their target price on Clear Secure from $40.00 to $26.00 in a report on Wednesday, March 30th. Finally, Wells Fargo & Company cut their target price on Clear Secure from $29.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th.

Clear Secure stock opened at $21.99 on Thursday. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of -36.05. Clear Secure has a 52-week low of $18.79 and a 52-week high of $65.70. The stock’s 50 day moving average price is $27.49 and its two-hundred day moving average price is $26.43.

Clear Secure (NYSE:YOUGet Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $90.50 million for the quarter, compared to analysts’ expectations of $88.31 million. Clear Secure had a negative return on equity of 8.30% and a negative net margin of 15.79%. Clear Secure’s revenue was up 78.9% compared to the same quarter last year. Sell-side analysts expect that Clear Secure will post -0.17 earnings per share for the current fiscal year.

In related news, major shareholder Durable Capital Partners Lp acquired 22,440 shares of the company’s stock in a transaction on Thursday, April 7th. The shares were acquired at an average cost of $27.96 per share, for a total transaction of $627,422.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder General Atlantic Partners Aiv sold 3,800,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $31.65, for a total value of $120,270,000.00. Following the transaction, the insider now owns 7,013,699 shares in the company, valued at $221,983,573.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 436,952 shares of company stock worth $11,324,919. Company insiders own 42.06% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in shares of Clear Secure by 1.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,887 shares of the company’s stock valued at $776,000 after purchasing an additional 358 shares during the last quarter. CIBC Asset Management Inc lifted its position in Clear Secure by 9.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,403 shares of the company’s stock worth $201,000 after buying an additional 574 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Clear Secure by 12.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,858 shares of the company’s stock worth $210,000 after buying an additional 899 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in Clear Secure by 6.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,025 shares of the company’s stock worth $431,000 after buying an additional 900 shares during the last quarter. Finally, HighMark Wealth Management LLC bought a new stake in Clear Secure in the 1st quarter worth approximately $27,000. 62.34% of the stock is owned by hedge funds and other institutional investors.

About Clear Secure (Get Rating)

Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.

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Analyst Recommendations for Clear Secure (NYSE:YOU)

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