CLEAR Secure (NYSE:YOU) Given New $70.00 Price Target at Needham & Company LLC

CLEAR Secure (NYSE:YOU) had its target price hoisted by equities researchers at Needham & Company LLC from $60.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 19.83% from the company’s current price.

A number of other equities analysts also recently commented on YOU. Stifel Nicolaus boosted 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. The Goldman Sachs Group set a $61.00 target price on shares of CLEAR Secure and gave the stock a “buy” rating in a report on Wednesday, February 25th. Telsey Advisory Group boosted their target price on shares of CLEAR Secure from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Moderate Buy” and an average target price of $55.57.

CLEAR Secure Price Performance

CLEAR Secure stock traded down $0.36 during trading hours on Wednesday, reaching $58.42. The stock had a trading volume of 1,772,412 shares, compared to its average volume of 1,689,029. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 52.25 and a beta of 1.09. The business’s 50 day moving average price is $49.66 and its 200-day moving average price is $39.79. CLEAR Secure has a 52 week low of $23.88 and a 52 week high of $61.28.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts forecast that CLEAR Secure will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Adam Wiener sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $50.00, for a total transaction of $750,000.00. Following the sale, the director owned 132,634 shares in the company, valued at approximately $6,631,700. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lynn Haaland sold 11,064 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total value of $524,876.16. Following the sale, the insider owned 7,375 shares in the company, valued at $349,870. The trade was a 60.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,488 shares of company stock worth $4,579,078 over the last ninety days. Insiders own 39.73% of the company’s stock.

Institutional Investors Weigh In On CLEAR Secure

A number of large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after buying an additional 323 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in CLEAR Secure by 14.0% in the third quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock valued at $121,000 after buying an additional 447 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in CLEAR Secure by 3.6% in the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock valued at $617,000 after buying an additional 447 shares during the last quarter. Blue Trust Inc. boosted its position in CLEAR Secure by 13.4% in the fourth quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock valued at $134,000 after buying an additional 451 shares during the last quarter. Finally, Aspen Investment Management Inc boosted its position in CLEAR Secure by 5.2% in the first quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock valued at $493,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

About CLEAR Secure

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.