Clear Secure, Inc. (NYSE:YOU – Get Free Report) CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at approximately $255,581.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Clear Secure Stock Performance
Shares of Clear Secure stock traded up $0.31 during midday trading on Friday, hitting $25.85. The company had a trading volume of 2,451,879 shares, compared to its average volume of 1,523,698. The stock has a market capitalization of $3.74 billion, a P/E ratio of 46.16 and a beta of 1.58. The company has a 50 day moving average of $19.69 and a 200 day moving average of $19.12. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $25.89.
Clear Secure (NYSE:YOU – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 32.01% and a net margin of 10.36%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Equities research analysts forecast that Clear Secure, Inc. will post 0.82 EPS for the current year.
Clear Secure Announces Dividend
Wall Street Analyst Weigh In
A number of research firms have weighed in on YOU. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a report on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.20.
Read Our Latest Research Report on YOU
Hedge Funds Weigh In On Clear Secure
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. bought a new position in Clear Secure in the 1st quarter valued at approximately $26,000. Quarry LP lifted its position in Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares in the last quarter. Plato Investment Management Ltd lifted its position in Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. CWM LLC lifted its position in Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after acquiring an additional 6,573 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Clear Secure in the 2nd quarter valued at approximately $137,000. 73.80% of the stock is owned by institutional investors.
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.
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