In yesterday’s Wall Street session, Clear Secure Inc. (NYSE:YOU) shares traded at $22.86, down -2.72% from the previous session.
7 analysts cover Clear Secure Inc. (NYSE:YOU), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $26.00, we find $28.00. Given the previous closing price of $23.50, this indicates a potential upside of 19.15 percent. YOU stock price is now -5.09% away from the 50-day moving average and -13.50% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
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The stock has received a hold rating from 5 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $30.14 as their price target over the next twelve months.
In other news, Durable Capital Partners LP, 10% Owner sold 26,642 shares of the company’s stock on Jun 16. The stock was sold for $656,106 at an average price of $24.63. Upon completion of the transaction, the 10% Owner now directly owns 11,449,946 shares in the company, valued at $261.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 12, EVP, Operations Moshkani Seyed Kasra sold 1,000 shares of the business’s stock. A total of $27,290 was realized by selling the stock at an average price of $27.29. This leaves the insider owning 21,894 shares of the company worth $0.5 million. Insiders disposed of 17,639,117 shares of company stock worth roughly $403.23 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 BROWN ADVISORY INC during the first quarter worth $41,321,000. GREENHOUSE FUNDS LLLP invested $11,606,000 in shares of YOU during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Clear Secure Inc. valued at approximately $3,930,000. BWCP, LP acquired a new stake in YOU for approximately $3,201,000. EMERALD MUTUAL FUND ADVISERS TRUST purchased a new stake in YOU valued at around $3,082,000 in the second quarter. In total, there are 244 active investors with 109.27% ownership of the company’s stock.
On Friday morning Clear Secure Inc. (NYSE: YOU) stock kicked off with the opening price of $23.68. During the past 12 months, Clear Secure Inc. has had a low of $21.75 and a high of $34.72. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for YOU is $24.05 and a two-hundred day moving average price translates $26.62 for the stock.
The latest earnings results from Clear Secure Inc. (NYSE: YOU) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.05 by 0.01. This compares to -$0.24 EPS in the same period last year. The net profit margin was -12.60% and return on equity was -20.70% for YOU. The company reported revenue of $132.36 million for the quarter, compared to $90.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.19 percent. For the current quarter, analysts expect YOU to generate $139.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2023. Investors who held shares on 05/18/2023 were paid a $0.20 dividend.
Clear Secure Inc.(YOU) Company Profile
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. 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 enhance the experience for existing members. In addition, it 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.
