CLEAR Secure, Inc. (NYSE:YOU) Receives Average Recommendation of “Hold” from Brokerages

Shares of CLEAR Secure, Inc. (NYSE:YOU) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $40.8571.

A number of research analysts have issued reports on YOU shares. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $42.00 in a research note on Friday, December 12th. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company increased their target price on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th.

CLEAR Secure Stock Performance

NYSE YOU opened at $33.54 on Friday. The stock has a market cap of $4.47 billion, a P/E ratio of 20.45 and a beta of 1.21. CLEAR Secure has a fifty-two week low of $21.67 and a fifty-two week high of $42.29. The stock has a 50 day simple moving average of $34.88 and a two-hundred day simple moving average of $34.42.

Insiders Place Their Bets

In related news, insider Lynn Haaland sold 15,532 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at $636,853. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adam Wiener sold 14,000 shares of CLEAR Secure stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,532 shares of company stock valued at $1,446,812. 39.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently made changes to their positions in YOU. Jump Financial LLC increased its position in shares of CLEAR Secure by 88.0% during the 2nd quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock valued at $6,901,000 after purchasing an additional 116,385 shares during the last quarter. Aviva PLC bought a new stake in CLEAR Secure during the second quarter valued at approximately $521,000. Vest Financial LLC increased its holdings in CLEAR Secure by 17.7% during the third quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock valued at $6,565,000 after buying an additional 29,527 shares during the last quarter. Versor Investments LP bought a new position in CLEAR Secure in the third quarter worth approximately $1,152,000. Finally, Hodges Capital Management Inc. raised its position in CLEAR Secure by 16.1% in the second quarter. Hodges Capital Management Inc. now owns 191,550 shares of the company’s stock worth $5,317,000 after acquiring an additional 26,549 shares during the period. Institutional investors 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.