Clear Secure Inc. (NYSE:YOU) shares traded 3.77% higher at $27.82 on Wall Street last session.
In accordance with the data, 4 analysts cover Clear Secure Inc. (NYSE:YOU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $30.00, we find $31.00. Given the previous closing price of $26.81, this indicates a potential upside of 15.63 percent. YOU stock price is now -0.25% away from the 50-day moving average and 7.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.49B.
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It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $32.50 as their price target over the next twelve months.
With the price target maintained at $52, JP Morgan recently Downgraded its rating from Overweight to Neutral for Clear Secure Inc. (NYSE: YOU). On July 26, 2021, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $45, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’.
In other news, Patterson Richard N. Jr., CISO sold 3,500 shares of the company’s stock on Dec 14. The stock was sold for $105,630 at an average price of $30.18. Upon completion of the transaction, the CISO now directly owns 11,474 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, GC, Chief Privacy Off & Sec Levine Matthew sold 6,000 shares of the business’s stock. A total of $192,120 was realized by selling the stock at an average price of $32.02. Insiders disposed of 17,598,507 shares of company stock worth roughly $489.59 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in YOU stock. A new stake in Clear Secure Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $273,115,000. FOXHAVEN ASSET MANAGEMENT, LP invested $45,592,000 in shares of YOU during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Clear Secure Inc. valued at approximately $6,299,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in YOU for approximately $2,180,000. STANLEY-LAMAN GROUP, LTD. purchased a new stake in YOU valued at around $1,759,000 in the second quarter.
Clear Secure Inc. (NYSE: YOU) opened at $26.86 on Tuesday. During the past 12 months, Clear Secure Inc. has had a low of $18.64 and a high of $34.80. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for YOU is $28.01 and a two-hundred day moving average price translates $26.06 for the stock.
The latest earnings results from Clear Secure Inc. (NYSE: YOU) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0, beating analysts’ expectations of -$0.04 by 0.04. This compares to -$0.45 EPS in the same period last year. The net profit margin was -18.30% and return on equity was -25.10% for YOU. The company reported revenue of $115.92 million for the quarter, compared to $67.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 71.58 percent. For the current quarter, analysts expect YOU to generate $111.97M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/07/2022. Investors who held shares on 11/28/2022 were paid a $0.25 dividend.
Clear Secure Inc.(YOU) Company Profile
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. In addition, the company provides Reserve powered by CLEAR, a virtual queuing technology that provides users with the choice of how they queue either at home or on the move; and Atlas Certified, an automated solution to verify professional licenses and certification data across industries by communicating with certifying organizations for on-demand, current, and trusted data. The company was founded in 2010 and is headquartered in New York, New York.
