DA Davidson Increases CLEAR Secure (NYSE:YOU) Price Target to $65.00

CLEAR Secure (NYSE:YOU) had its price target raised by equities research analysts at DA Davidson from $54.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 37.05% from the company’s previous close.

A number of other equities analysts have also recently weighed in on YOU. Needham & Company LLC lifted their price target on CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upped their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Stifel Nicolaus raised their target price on shares of CLEAR Secure from $38.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Telsey Advisory Group lifted their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group set a $61.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.14.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $47.43 on Thursday. CLEAR Secure has a 1 year low of $23.00 and a 1 year high of $56.51. The firm has a market cap of $6.32 billion, a P/E ratio of 42.35 and a beta of 1.13. The stock has a fifty day moving average price of $40.23 and a two-hundred day moving average price of $36.63.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. On average, research analysts predict that CLEAR Secure will post 0.98 earnings per share for the current fiscal year.

Insider Activity at CLEAR Secure

In related news, President Michael Z. Barkin sold 22,885 shares of the firm’s stock in a transaction that occurred on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the completion of the sale, the president directly owned 5,669 shares in the company, valued at approximately $273,359.18. This trade represents a 80.15% 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, CAO Dennis W. Liu sold 7,950 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the transaction, the chief accounting officer directly owned 10,960 shares in the company, valued at $532,327.20. The trade was a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,488 shares of company stock valued at $5,069,078 over the last ninety days. 39.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors have recently modified their holdings of the stock. Durable Capital Partners LP boosted its holdings in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC raised its holdings in CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after buying an additional 909,152 shares in the last quarter. Norges Bank acquired a new stake in shares of CLEAR Secure in the fourth quarter worth about $29,500,000. Finally, First Trust Advisors LP lifted its position in shares of CLEAR Secure by 36.3% in the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after buying an additional 805,795 shares during the last quarter. Institutional investors and hedge funds 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.