Telsey Advisory Group Boosts Clear Secure (NYSE:YOU) Price Target to $42.00

Clear Secure (NYSE:YOU) had its price target raised by Telsey Advisory Group from $34.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 14.30% from the company’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday. The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC lifted their price objective on Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.83.

Clear Secure Price Performance

Clear Secure stock opened at $36.75 on Friday. The business has a 50 day simple moving average of $32.54 and a 200 day simple moving average of $24.13. The company has a market capitalization of $5.12 billion, a PE ratio of 47.11 and a beta of 1.65. Clear Secure has a one year low of $16.05 and a one year high of $38.04.

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

Insider Transactions at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,173,935 shares of company stock worth $36,826,532 over the last 90 days. 37.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Clear Secure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Montag A & Associates Inc. acquired a new position in shares of Clear Secure during the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure during the 2nd quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure during the third quarter valued at approximately $33,000. Plato Investment Management Ltd increased its stake in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Clear Secure in the third quarter worth $105,000. Institutional investors 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.