Telsey Advisory Group Increases Clear Secure (NYSE:YOU) Price Target to $42.00

Clear Secure (NYSE:YOU) had its target price raised by equities researchers at Telsey Advisory Group from $34.00 to $42.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 14.30% from the company’s previous close.

A number of other analysts have also recently issued reports on YOU. The Goldman Sachs Group lifted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC boosted their price target on Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.83.

Clear Secure Price Performance

Shares of YOU opened at $36.75 on Friday. The business’s 50-day moving average is $32.54 and its 200-day moving average is $24.13. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 47.11 and a beta of 1.65. Clear Secure has a fifty-two week low of $16.05 and a fifty-two week high of $38.04.

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

Insider Buying and Selling

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction 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 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 SEC, which is available through this hyperlink. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,173,935 shares of company stock worth $36,826,532 in the last quarter. 37.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock worth $1,467,000 after buying an additional 409 shares in the last quarter. Truist Financial Corp increased its position in shares of Clear Secure by 2.0% during the second quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock valued at $544,000 after purchasing an additional 582 shares during the period. Principal Financial Group Inc. raised its stake in shares of Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock valued at $222,000 after purchasing an additional 681 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in Clear Secure by 11.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after purchasing an additional 900 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Clear Secure by 5.3% during the second quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company’s stock worth $374,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.