Clear Secure (NYSE:YOU – Get Free Report) The price target was raised by investment analysts at Goldman Sachs Group from $27.00 to $31.00 in a research note published on Thursday, Benzinga reports. The brokerage currently recommends the stock as a “buy.” Goldman Sachs Group’s price target would imply a potential upside of 19.92% from the company’s last closing price.
Other research analysts have also recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday. Finally, Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, and three have given a buy rating. Based on data from MarketBeat, the company currently has an average rating of “hold” and a consensus price target of $29.20.
Check out our latest report on YOU
Clear, secure stock performance
NYSE:YOU shares rose $0.31 on Thursday, reaching $25.85. 2,451,879 shares traded hands, compared to an average volume of 1,523,698. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $19.12. Clear Secure has a 52-week low of $15.28 and a 52-week high of $25.89. The stock has a market cap of $3.74 billion, a P/E ratio of 46.16 and a beta of 1.58.
Clear Secure (NYSE:YOU – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The company reported earnings per share of $0.34 for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 32.01%. The company posted revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. In the same quarter last year, the company reported earnings per share of $0.05. The company’s revenue for the quarter increased 24.6% year-over-year. Sell-side analysts expect Clear Secure to report earnings per share of $0.82 for the current year.
Insiders place their bets
In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure in a transaction on Tuesday, August 6. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the Chief Accounting Officer now directly owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure in a transaction on Tuesday, August 6. 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the sale, the Chief Accounting Officer now owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The disclosure regarding this sale can be found here. Company insiders own 37.85% of the company’s stock.
Institutional investors comment on Clear Secure
Several large investors have recently changed their holdings in YOU. Vanguard Group Inc. increased its holdings in shares of Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after buying an additional 1,066,400 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Clear Secure by 303.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after purchasing an additional 902,436 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Clear Secure by 402.2% in the 2nd quarter. Victory Capital Management Inc. now owns 885,325 shares of the company’s stock valued at $16,564,000 after purchasing an additional 709,020 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Clear Secure by 184.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock valued at $22,791,000 after purchasing an additional 695,418 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.
Clear, secure company profile
(Get free report)
Clear Secure, Inc. operates a secure identity platform under the brand name CLEAR, primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of a front end (including enrollment, verification, and linking) and a back end. The company also offers CLEAR Plus, a subscription service for air travel consumers that provides access to predictable entry lanes at airport security checkpoints as well as access to a broader network; and the CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.
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