CLEAR Secure (NYSE:YOU) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of CLEAR Secure (NYSE:YOU) in a research note issued on Monday. The brokerage set an “overweight” rating and a $55.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 24.89% from the company’s previous close.

Several other brokerages have also weighed in on YOU. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a report on Monday, July 20th. DA Davidson reduced their target price on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Wall Street Zen raised CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company upped their price target on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.71.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock traded up $0.75 on Monday, hitting $44.04. 44,737 shares of the company’s stock traded hands, compared to its average volume of 1,609,989. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.97 and a beta of 1.06. The company has a fifty day moving average of $52.49 and a two-hundred day moving average of $50.44. CLEAR Secure has a one year low of $29.43 and a one year high of $69.07.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts anticipate that CLEAR Secure will post 1.71 earnings per share for the current year.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.70% of the company’s stock.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of CLEAR Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after purchasing an additional 101,476 shares during the last quarter. Amundi grew its holdings in CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in CLEAR Secure during the first quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CLEAR Secure by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after buying an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after buying an additional 1,801 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.