Clear Secure’s (YOU) Buy Rating Reaffirmed at Needham & Company LLC

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research report issued on Friday,Benzinga reports. They currently have a $45.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 60.66% from the stock’s previous close.

YOU has been the subject of several other reports. Stifel Nicolaus boosted their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Telsey Advisory Group lifted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Wedbush reissued a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.67.

Clear Secure Trading Down 1.8 %

NYSE YOU opened at $28.01 on Friday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 36.58 and a beta of 1.63. The stock has a 50-day moving average of $33.14 and a 200 day moving average of $24.70. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.88.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. Equities analysts predict that Clear Secure will post 1.01 EPS for the current fiscal year.

Insider Transactions at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total value of $202,800.00. Following the sale, the insider now directly owns 26,727 shares in the company, valued at approximately $722,698.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 1,164,935 shares of company stock worth $36,623,387 over the last ninety days. Company insiders own 37.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in shares of Clear Secure during the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure in the second quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in Clear Secure in the third quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in Clear Secure in the third quarter valued at approximately $33,000. Finally, KBC Group NV acquired a new stake in Clear Secure during the third quarter worth approximately $90,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Company Profile

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.