Wall Street Zen Upgrades CLEAR Secure (NYSE:YOU) to “Strong-Buy”

CLEAR Secure (NYSE:YOU) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Needham & Company LLC increased their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Telsey Advisory Group raised their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, DA Davidson decreased their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CLEAR Secure presently has a consensus rating of “Hold” and an average target price of $58.57.

CLEAR Secure Trading Down 0.3%

Shares of NYSE:YOU opened at $45.33 on Friday. The company has a fifty day simple moving average of $53.34 and a 200 day simple moving average of $50.07. The firm has a market cap of $6.13 billion, a PE ratio of 30.84 and a beta of 1.06. CLEAR Secure has a 12-month low of $29.43 and a 12-month high of $69.07.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts forecast that CLEAR Secure will post 1.71 EPS for the current fiscal year.

Insider Buying and Selling at CLEAR Secure

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president directly owned 22,994 shares in the company, valued at $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.70% of the stock is owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors have recently bought and sold shares of YOU. Durable Capital Partners LP grew its position in CLEAR Secure by 153.1% during the 2nd 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. State Street Corp raised its stake in shares of CLEAR Secure by 1.8% during the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after purchasing an additional 59,067 shares in the last quarter. Morgan Stanley lifted its holdings in shares of CLEAR Secure by 6.0% during the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock valued at $94,605,000 after buying an additional 152,074 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of CLEAR Secure by 0.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock valued at $129,784,000 after buying an additional 8,883 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of CLEAR Secure by 5.5% in the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock valued at $92,150,000 after buying an additional 137,249 shares in the last quarter. 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.