CLEAR Secure (NYSE:YOU) Price Target Raised to $65.00 at DA Davidson

CLEAR Secure (NYSE:YOU) had its target price boosted by analysts at DA Davidson from $54.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective suggests a potential upside of 18.81% from the company’s current price.

YOU has been the topic of several other reports. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Wells Fargo & Company raised their price objective on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Needham & Company LLC boosted their target price on shares of CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Hold” and a consensus price target of $53.14.

CLEAR Secure Stock Up 0.4%

YOU traded up $0.23 during mid-day trading on Thursday, reaching $54.71. 581,593 shares of the company traded hands, compared to its average volume of 1,691,234. The company’s fifty day moving average price is $39.59 and its 200-day moving average price is $36.42. The stock has a market capitalization of $7.29 billion, a P/E ratio of 48.81 and a beta of 1.13. CLEAR Secure has a 52-week low of $23.00 and a 52-week high of $56.51.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. As a group, sell-side analysts forecast that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction that occurred on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the completion of the transaction, the president directly owned 5,669 shares in the company, valued at approximately $273,359.18. The trade was a 80.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Adam Wiener sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $43.07, for a total transaction of $775,260.00. Following the completion of the sale, the director directly owned 147,634 shares of the company’s stock, valued at $6,358,596.38. This represents a 10.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,488 shares of company stock valued at $5,069,078 in the last 90 days. Corporate insiders own 39.73% of the company’s stock.

Institutional Trading of CLEAR Secure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Durable Capital Partners LP lifted its stake in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC increased its stake in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after buying an additional 909,152 shares in the last quarter. Norges Bank bought a new stake in CLEAR Secure during the fourth quarter valued at about $29,500,000. Finally, First Trust Advisors LP lifted its position in shares of CLEAR Secure by 36.3% in the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock valued at $84,051,000 after acquiring an additional 805,795 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.