Clear Secure (NYSE:YOU) Price Target Increased to $45.00 by Analysts at Needham & Company LLC

Clear Secure (NYSE:YOU) had its price objective upped by analysts at Needham & Company LLC from $40.00 to $45.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 20.47% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group raised their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.20.

Clear Secure Stock Performance

YOU opened at $37.36 on Thursday. Clear Secure has a 1 year low of $16.05 and a 1 year high of $37.52. The company’s 50 day simple moving average is $30.53 and its 200 day simple moving average is $22.87. The stock has a market capitalization of $5.20 billion, a PE ratio of 47.89 and a beta of 1.65.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $186.75 million for 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%. Clear Secure’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. As a group, sell-side analysts expect that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the transaction, the insider now owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now owns 34,227 shares of the company’s stock, valued at $755,732.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds have recently bought and sold shares of YOU. Janus Henderson Group PLC boosted its stake in shares of Clear Secure by 232.1% during the 1st quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock valued at $2,452,000 after buying an additional 80,569 shares during the last quarter. Nordea Investment Management AB boosted its stake in Clear Secure by 425.7% during the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after acquiring an additional 193,889 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Clear Secure during the 4th quarter worth $896,000. Cornerstone Wealth Management LLC bought a new stake in shares of Clear Secure in the 2nd quarter worth about $840,000. Finally, Vanguard Group Inc. raised its stake in shares of Clear Secure by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after purchasing an additional 211,214 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.