CLEAR Secure (NYSE:YOU) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of CLEAR Secure (NYSE:YOU) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

YOU has been the topic of a number of other research reports. The Goldman Sachs Group raised their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price objective on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. DA Davidson set a $46.00 target price on shares of CLEAR Secure and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus set a $38.00 target price on shares of CLEAR Secure in a report on Thursday, November 6th. Five investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.86.

CLEAR Secure Price Performance

YOU stock opened at $32.64 on Tuesday. CLEAR Secure has a 1 year low of $21.67 and a 1 year high of $42.29. The stock has a market capitalization of $4.35 billion, a PE ratio of 19.90 and a beta of 1.21. The company’s 50-day moving average is $35.06 and its 200-day moving average is $34.32.

Insider Buying and Selling

In other news, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares in the company, valued at $636,853. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Adam Wiener sold 14,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total value of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,532 shares of company stock valued at $1,446,812 over the last three months. Insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Durable Capital Partners LP increased its stake in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. First Trust Advisors LP raised its holdings in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after acquiring an additional 35,304 shares during the period. Wellington Management Group LLP lifted its position in shares of CLEAR Secure by 5.9% during the third quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock worth $83,103,000 after acquiring an additional 139,048 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CLEAR Secure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock worth $86,069,000 after acquiring an additional 20,419 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after purchasing an additional 430,035 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.