Clear Secure (NYSE:YOU) PT Raised to $32.00 at Stifel Nicolaus

Clear Secure (NYSE:YOU) had its price target increased by stock analysts at Stifel Nicolaus from $24.00 to $32.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 13.51% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Needham & Company LLC raised their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Clear Secure Stock Up 2.5 %

NYSE:YOU opened at $37.00 on Monday. Clear Secure has a 52 week low of $16.05 and a 52 week high of $37.90. The stock has a market capitalization of $5.15 billion, a PE ratio of 47.44 and a beta of 1.65. The stock’s 50-day moving average price is $32.18 and its 200-day moving average price is $23.94.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. During the same period in the previous year, the firm posted $0.05 EPS. Clear Secure’s revenue was up 24.6% compared to the same quarter last year. Sell-side analysts expect that Clear Secure will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now directly owns 34,227 shares of the company’s stock, valued at $755,732.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently bought and sold shares of YOU. Vanguard Group Inc. grew its position in Clear Secure by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after buying an additional 211,214 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Clear Secure by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock worth $411,000 after purchasing an additional 1,631 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Clear Secure during the 1st quarter worth $238,000. Janney Montgomery Scott LLC boosted its position in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after purchasing an additional 695,418 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its position in shares of Clear Secure by 167.3% during the 1st quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company’s stock worth $2,399,000 after purchasing an additional 70,597 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

About Clear Secure

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.