Clear Secure (NYSE:YOU) PT Raised to $45.00

Clear Secure (NYSE:YOU) had its price objective upped by analysts at Needham & Company LLC from $40.00 to $45.00 in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 24.83% from the stock’s current price.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. One research 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 company has a consensus rating of “Hold” and a consensus price target of $30.20.

Clear Secure Stock Down 3.4 %

YOU opened at $36.05 on Thursday. Clear Secure has a twelve month low of $16.05 and a twelve month high of $37.90. The company has a fifty day moving average of $30.97 and a 200-day moving average of $23.08. The stock has a market cap of $5.22 billion, a PE ratio of 64.38 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. Sell-side analysts anticipate that Clear Secure will post 1.01 EPS for the current fiscal year.

Insider Activity at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction dated 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 $755,732.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was 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 owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the period. Renaissance Technologies LLC raised its stake in shares of Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after purchasing an additional 1,066,400 shares during the period. Millennium Management LLC boosted its holdings in shares of Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after buying an additional 757,528 shares during the last quarter. Rice Hall James & Associates LLC grew its position in Clear Secure by 303.6% during the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after buying an additional 902,436 shares during the period. Finally, Marshall Wace LLP increased its holdings in Clear Secure by 278.3% during the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after buying an additional 808,515 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

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.