Clear Secure (NYSE:YOU) Price Target Raised to $32.00 at Stifel Nicolaus

Clear Secure (NYSE:YOU) had its price target lifted by investment analysts at Stifel Nicolaus from $24.00 to $32.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 13.51% from the company’s current price.

A number of other research analysts also recently commented on YOU. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC boosted their target price on Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average target price of $30.50.

Clear Secure Trading Up 2.5 %

Shares of YOU stock opened at $37.00 on Monday. The firm has a 50-day moving average price of $32.18 and a 200 day moving average price of $23.94. Clear Secure has a twelve month low of $16.05 and a twelve month high of $37.90. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 47.44 and a beta of 1.65.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS 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 35.33%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, research analysts predict that Clear Secure will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now 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 sold a total of 1,173,935 shares of company stock worth $36,826,532 in the last 90 days. 37.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clear Secure

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Clear Secure by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC raised its position 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 valued at $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Clear Secure by 303.6% during 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 acquiring an additional 902,436 shares in the last quarter. Marshall Wace LLP raised its position in shares of Clear Secure by 278.3% during the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after acquiring an additional 808,515 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Clear Secure by 56.3% during the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after acquiring an additional 757,528 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other 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.