CLEAR Secure (NYSE:YOU) Shares Gap Up – Time to Buy?

CLEAR Secure, Inc. (NYSE:YOU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $33.47, but opened at $40.06. CLEAR Secure shares last traded at $41.5870, with a volume of 1,291,295 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $45.00 target price on shares of CLEAR Secure in a research note on Wednesday, February 18th. The Goldman Sachs Group boosted their price target on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.86.

CLEAR Secure Stock Performance

The stock has a market capitalization of $5.97 billion, a P/E ratio of 27.06 and a beta of 1.21. The business has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $34.50.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The business had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

Insider Transactions at CLEAR Secure

In related news, insider Lynn Haaland sold 15,532 shares of the 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 directly owned 15,533 shares of the company’s stock, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adam Wiener sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the sale, the director owned 165,634 shares of the company’s stock, valued at $5,797,190. The trade was a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,532 shares of company stock valued at $1,446,812 over the last three months. 39.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its holdings in CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock worth $184,000 after acquiring an additional 323 shares during the period. First Horizon Advisors Inc. lifted its position in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after acquiring an additional 330 shares during the period. Personal CFO Solutions LLC boosted its stake in CLEAR Secure by 3.3% during the second quarter. Personal CFO Solutions LLC now owns 10,362 shares of the company’s stock worth $288,000 after buying an additional 332 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of CLEAR Secure by 5.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,364 shares of the company’s stock valued at $246,000 after acquiring an additional 351 shares in the last quarter. Finally, Savant Capital LLC grew its stake in shares of CLEAR Secure by 1.1% in the 2nd quarter. Savant Capital LLC now owns 34,508 shares of the company’s stock valued at $958,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.