Brokerages Set Clear Secure, Inc. (NYSE:YOU) PT at $48.83

Clear Secure, Inc. (NYSE:YOU) has received an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $48.83.

Several equities research analysts recently weighed in on YOU shares. JPMorgan Chase & Co. lowered shares of Clear Secure from an “overweight” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Tuesday, August 3rd. Loop Capital increased their price objective on shares of Clear Secure from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, August 17th. They noted that the move was a valuation call. The Goldman Sachs Group started coverage on shares of Clear Secure in a research note on Monday, July 26th. They set a “neutral” rating and a $34.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Clear Secure in a research note on Monday, July 26th. They set an “equal weight” rating and a $45.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Clear Secure in a research note on Monday, July 26th. They set a “buy” rating and a $50.00 price objective on the stock.

Shares of Clear Secure stock traded down $0.38 during trading on Tuesday, reaching $41.06. The company had a trading volume of 582,073 shares, compared to its average volume of 723,678. The firm’s fifty day simple moving average is $47.74. Clear Secure has a fifty-two week low of $38.26 and a fifty-two week high of $65.70.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Sunday, August 15th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.33. The business had revenue of $55.18 million for the quarter, compared to analyst estimates of $54.05 million. Equities analysts expect that Clear Secure will post -1.34 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of YOU. Price T Rowe Associates Inc. MD bought a new position in shares of Clear Secure in the second quarter valued at approximately $784,027,000. General Atlantic L.P. bought a new position in shares of Clear Secure in the second quarter valued at approximately $371,401,000. Durable Capital Partners LP bought a new position in shares of Clear Secure in the second quarter valued at approximately $329,638,000. FMR LLC bought a new position in shares of Clear Secure in the second quarter valued at approximately $46,142,000. Finally, Allen Operations LLC bought a new position in shares of Clear Secure in the second quarter valued at approximately $39,166,000. Hedge funds and other institutional investors own 34.11% of the company’s stock.

Clear Secure Company Profile

Clear Secure, Inc focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform using biometric data in the United States. The company's secure identity platform uses biometrics to automate the identity verification process through CLEAR lanes in airports.

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Analyst Recommendations for Clear Secure (NYSE:YOU)

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