Clear Secure, Inc. (NYSE:YOU – Get Free Report) CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Clear Secure Stock Performance
NYSE:YOU opened at $29.48 on Friday. The stock has a 50-day simple moving average of $24.72 and a 200 day simple moving average of $20.70. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $31.33. The company has a market cap of $4.11 billion, a PE ratio of 52.64 and a beta of 1.65.
Clear Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. On average, research analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.
Clear Secure Dividend Announcement
Hedge Funds Weigh In On Clear Secure
Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Clear Secure by 56.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock worth $211,000 after acquiring an additional 3,683 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Clear Secure during the 4th quarter worth approximately $255,000. National Bank of Canada FI raised its stake in shares of Clear Secure by 119,250.0% during the 4th quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock worth $1,952,000 after purchasing an additional 95,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Clear Secure by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock valued at $13,525,000 after buying an additional 12,469 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Clear Secure in the 4th quarter valued at approximately $212,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.20.
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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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