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

Clear Secure (NYSE:YOU) had its price objective hoisted by Stifel Nicolaus from $24.00 to $32.00 in a research note released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

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

Clear Secure Price Performance

YOU opened at $36.75 on Monday. The business has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $24.13. The stock has a market capitalization of $5.12 billion, a P/E ratio of 47.11 and a beta of 1.65. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.04.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Research analysts anticipate that Clear Secure will post 1.01 EPS for the current year.

Insider Activity

In other news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold 1,173,935 shares of company stock worth $36,826,532 over the last three months. 37.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clear Secure

Several institutional investors have recently added to or reduced their stakes in YOU. Vanguard Group Inc. increased its stake in Clear Secure by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after purchasing an additional 211,214 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Clear Secure by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock worth $411,000 after acquiring an additional 1,631 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Clear Secure during the first quarter worth about $238,000. Janney Montgomery Scott LLC increased its stake in Clear Secure by 184.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after acquiring an additional 695,418 shares during the last quarter. Finally, Capstone Investment Advisors LLC increased its stake in Clear Secure by 167.3% during the first quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company’s stock worth $2,399,000 after acquiring an additional 70,597 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.