DA Davidson Boosts CLEAR Secure (NYSE:YOU) Price Target to $65.00

CLEAR Secure (NYSE:YOU) had its price objective increased by research analysts at DA Davidson from $54.00 to $65.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 18.81% from the stock’s previous close.

Several other brokerages have also recently commented on YOU. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group set a $61.00 target price on CLEAR Secure and gave the stock a “buy” rating in a report on Wednesday, February 25th. Wells Fargo & Company boosted their target price on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Finally, Stifel Nicolaus increased their price target on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Five equities 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, the company has a consensus rating of “Hold” and a consensus target price of $53.14.

CLEAR Secure Stock Up 0.4%

YOU stock traded up $0.23 during midday trading on Thursday, hitting $54.71. The company’s stock had a trading volume of 581,593 shares, compared to its average volume of 1,691,234. CLEAR Secure has a 12 month low of $23.00 and a 12 month high of $56.51. The company has a 50 day moving average of $39.59 and a two-hundred day moving average of $36.42. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 48.81 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts anticipate that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at CLEAR Secure

In other news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the sale, the president directly owned 5,669 shares in the company, valued at $273,359.18. The trade was a 80.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Dennis W. Liu sold 7,950 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the sale, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. This represents a 42.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 111,488 shares of company stock valued at $5,069,078. Corporate insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after buying an additional 619 shares during the last quarter. Allworth Financial LP lifted its position in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in CLEAR Secure by 92.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock worth $39,000 after buying an additional 532 shares during the period. 73.80% of the stock is owned by institutional investors.

About CLEAR Secure

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.