Wall Street Zen Upgrades CLEAR Secure (NYSE:YOU) to Buy

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

YOU has been the subject of a number of other research reports. The Goldman Sachs Group increased their price objective on CLEAR Secure from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price objective on CLEAR Secure from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wells Fargo & Company lifted their target price on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.71.

CLEAR Secure Trading Up 1.4%

CLEAR Secure stock opened at $30.90 on Friday. The firm has a 50-day moving average of $34.02 and a 200-day moving average of $29.97. The firm has a market cap of $4.11 billion, a P/E ratio of 19.31 and a beta of 1.24. CLEAR Secure has a 1-year low of $21.67 and a 1-year high of $39.00.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. CLEAR Secure’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. Research analysts forecast that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total transaction of $264,160.00. Following the sale, the director directly owned 193,634 shares in the company, valued at approximately $6,393,794.68. This represents a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Z. Barkin sold 16,050 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $35.22, for a total transaction of $565,281.00. Following the sale, the president owned 12,725 shares in the company, valued at $448,174.50. This represents a 55.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,027 shares of company stock worth $1,250,703 in the last 90 days. 39.73% of the stock is currently owned by corporate insiders.

Institutional Trading of CLEAR Secure

Several hedge funds have recently made changes to their positions in YOU. Geneos Wealth Management Inc. raised its position in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure during the 1st quarter valued at about $28,000. First Horizon Advisors Inc. raised its position in shares of CLEAR Secure by 72.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock valued at $38,000 after buying an additional 617 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of CLEAR Secure during the 1st quarter valued at about $41,000. Finally, Twin Tree Management LP purchased a new stake in shares of CLEAR Secure during the 1st quarter valued at about $49,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Company Profile

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.