Clear Secure, Inc. (NYSE:YOU) Given Consensus Recommendation of “Hold” by Analysts

Clear Secure, Inc. (NYSE:YOUGet Rating) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.83.

Several research analysts have recently issued reports on YOU shares. Stifel Nicolaus raised their target price on shares of Clear Secure from $32.00 to $34.00 in a research note on Wednesday, March 23rd. Loop Capital reduced their price objective on shares of Clear Secure from $40.00 to $26.00 in a research note on Wednesday, March 30th. Telsey Advisory Group lifted their price objective on shares of Clear Secure to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 17th. Wells Fargo & Company reduced their price objective on shares of Clear Secure from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 15th. Finally, The Goldman Sachs Group reduced their price objective on shares of Clear Secure from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, March 24th.

YOU opened at $21.99 on Thursday. The stock has a market capitalization of $3.30 billion and a PE ratio of -36.05. Clear Secure has a 1-year low of $18.79 and a 1-year high of $65.70. The firm has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $26.43.

Clear Secure (NYSE:YOUGet Rating) last issued its earnings results on Monday, May 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. The company had revenue of $90.50 million for the quarter, compared to analyst estimates of $88.31 million. Clear Secure had a negative net margin of 15.79% and a negative return on equity of 8.30%. The company’s revenue for the quarter was up 78.9% compared to the same quarter last year. On average, sell-side analysts expect that Clear Secure will post -0.17 EPS for the current fiscal year.

In related news, major shareholder General Atlantic Partners Aiv sold 3,800,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $31.65, for a total transaction of $120,270,000.00. Following the transaction, the insider now directly owns 7,013,699 shares in the company, valued at $221,983,573.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Durable Capital Partners Lp bought 22,440 shares of the stock in a transaction that occurred on Thursday, April 7th. The shares were purchased at an average price of $27.96 per share, for a total transaction of $627,422.40. The disclosure for this purchase can be found here. Insiders bought 436,952 shares of company stock worth $11,324,919 over the last quarter. 42.06% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in YOU. Delta Air Lines Inc. acquired a new position in shares of Clear Secure in the fourth quarter valued at $259,680,000. Bond Capital Management LP acquired a new position in shares of Clear Secure in the first quarter valued at $89,561,000. Durable Capital Partners LP increased its holdings in shares of 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 purchasing an additional 2,184,428 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 1,920,329 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Clear Secure by 91.6% in the fourth quarter. Capital World Investors now owns 1,882,666 shares of the company’s stock valued at $59,059,000 after purchasing an additional 900,000 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

About Clear Secure (Get Rating)

Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.

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Analyst Recommendations for Clear Secure (NYSE:YOU)

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