CLEAR Secure (NYSE:YOU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CLEAR Secure (NYSE:YOU) had its target price upped by JPMorgan Chase & Co. from $55.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 34.76% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company raised their price objective on CLEAR Secure from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Thursday. DA Davidson decreased their price target on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, September 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of CLEAR Secure in a research report on Wednesday. Needham & Company LLC upped their price objective on shares of CLEAR Secure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. 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. According to MarketBeat, CLEAR Secure presently has a consensus rating of “Hold” and an average target price of $66.86.

CLEAR Secure Stock Down 1.5%

CLEAR Secure stock traded down $0.84 during midday trading on Thursday, hitting $55.66. The company’s stock had a trading volume of 1,368,094 shares, compared to its average volume of 1,256,617. CLEAR Secure has a 12 month low of $30.98 and a 12 month high of $69.07. The company has a market capitalization of $7.53 billion, a PE ratio of 32.74 and a beta of 0.99. The stock’s 50-day moving average price is $43.86 and its 200-day moving average price is $47.95.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $292.85 million for the quarter, compared to analyst estimates of $286.65 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. CLEAR Secure’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. As a group, equities analysts anticipate that CLEAR Secure will post 1.88 EPS for the current year.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, EVP Kyle McLaughlin sold 4,499 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at $1,312,709.93. The trade was a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Barkin sold 11,444 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president directly owned 11,550 shares of the company’s stock, valued at $519,750. This represents a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,554 shares of company stock worth $1,017,633 over the last ninety days. 29.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after purchasing an additional 8,883 shares in the last quarter. Congress Asset Management Co. bought a new position in CLEAR Secure during the third quarter valued at about $78,843,000. Copeland Capital Management LLC raised its holdings in CLEAR Secure by 4.7% during the third quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company’s stock valued at $73,876,000 after buying an additional 78,553 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CLEAR Secure by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company’s stock worth $82,848,000 after buying an additional 40,880 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of CLEAR Secure in the second quarter worth about $82,542,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Key Stories Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.