Wells Fargo & Company Forecasts Strong Price Appreciation for CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure (NYSE:YOU) had its price objective upped by investment analysts at Wells Fargo & Company from $45.00 to $50.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 10.16% from the stock’s previous close.

YOU has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of CLEAR Secure in a research note on Monday, August 24th. They issued an “overweight” rating and a $55.00 price objective for the company. Wall Street Zen cut CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Needham & Company LLC upped their target price on CLEAR Secure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, DA Davidson dropped their price target on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.86.

CLEAR Secure Price Performance

Shares of NYSE:YOU traded down $0.84 during trading on Thursday, hitting $55.66. 1,368,094 shares of the company were exchanged, compared to its average volume of 1,256,617. The stock has a market capitalization of $7.53 billion, a P/E ratio of 32.74 and a beta of 0.99. CLEAR Secure has a 12-month low of $30.98 and a 12-month high of $69.07. The firm’s 50 day moving average price is $43.86 and its 200-day moving average price is $47.95.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm had revenue of $292.85 million for the quarter, compared to the consensus estimate of $286.65 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts anticipate that CLEAR Secure will post 1.88 EPS for the current year.

Insider Buying and Selling

In other CLEAR Secure news, CAO Dennis Liu sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $59.60, for a total transaction of $209,017.20. Following the transaction, the chief accounting officer directly owned 12,363 shares in the company, valued at approximately $736,834.80. This represents a 22.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Barkin sold 11,444 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the sale, the president owned 11,550 shares in the company, valued at approximately $519,750. This represents a 49.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,554 shares of company stock valued at $1,017,633. Corporate insiders own 29.70% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock valued at $129,784,000 after acquiring an additional 8,883 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in CLEAR Secure by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company’s stock valued at $82,848,000 after purchasing an additional 40,880 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in CLEAR Secure in the 2nd quarter valued at about $82,542,000. Congress Asset Management Co. purchased a new position in CLEAR Secure in the 3rd quarter valued at about $78,843,000. Finally, Copeland Capital Management LLC boosted its stake in shares of CLEAR Secure by 4.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company’s stock worth $73,876,000 after purchasing an additional 78,553 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Key Stories Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.