Clear Secure (NYSE:YOU) Earns “Outperform” Rating from Telsey Advisory Group

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a report released on Tuesday, Benzinga reports. They presently have a $34.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 60.79% from the company’s previous close.

Several other brokerages have also commented on YOU. TheStreet raised Clear Secure from a “d+” rating to a “c-” rating in a research note on Friday, December 22nd. Wells Fargo & Company reissued an “underweight” rating and issued a $20.00 price objective on shares of Clear Secure in a research note on Wednesday, December 20th. Wedbush reissued a “neutral” rating and issued a $23.00 price objective on shares of Clear Secure in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.80.

Clear Secure Trading Down 1.3 %

YOU opened at $21.15 on Tuesday. The stock has a market cap of $3.36 billion, a PE ratio of 70.49 and a beta of 1.52. Clear Secure has a 1 year low of $15.28 and a 1 year high of $27.93. The stock’s 50 day simple moving average is $19.51 and its 200-day simple moving average is $19.69.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. Clear Secure’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) EPS. Equities analysts forecast that Clear Secure will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the transaction, the insider now owns 41,727 shares in the company, valued at $834,540. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clear Secure

Several hedge funds have recently added to or reduced their stakes in YOU. Durable Capital Partners LP lifted its stake in Clear Secure by 25.5% in the first quarter. Durable Capital Partners LP now owns 10,751,370 shares of the company’s stock valued at $288,997,000 after buying an additional 2,184,428 shares during the period. Vanguard Group Inc. lifted its stake in Clear Secure by 143.5% in the first quarter. Vanguard Group Inc. now owns 3,258,957 shares of the company’s stock valued at $87,601,000 after buying an additional 1,920,329 shares during the period. BlackRock Inc. lifted its stake in Clear Secure by 31.5% in the second quarter. BlackRock Inc. now owns 7,086,010 shares of the company’s stock valued at $164,183,000 after buying an additional 1,696,921 shares during the period. Goldman Sachs Group Inc. lifted its stake in Clear Secure by 86.3% in the second quarter. Goldman Sachs Group Inc. now owns 3,260,048 shares of the company’s stock valued at $75,535,000 after buying an additional 1,510,168 shares during the period. Finally, State Street Corp lifted its stake in Clear Secure by 606.0% in the second quarter. State Street Corp now owns 1,007,168 shares of the company’s stock valued at $20,143,000 after buying an additional 864,515 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.