Clear Secure (NYSE:YOU) Rating Reiterated by Needham & Company LLC

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports. They currently have a $40.00 target price on the stock. Needham & Company LLC’s price target suggests a potential upside of 123.46% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.40.

Clear Secure Stock Up 4.2 %

Shares of NYSE YOU opened at $17.90 on Wednesday. The stock’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $19.71. Clear Secure has a 52-week low of $15.28 and a 52-week high of $27.75. The stock has a market capitalization of $2.84 billion, a P/E ratio of 59.50 and a beta of 1.59.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, analysts anticipate that Clear Secure will post 0.54 EPS for the current year.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now owns 41,727 shares of the company’s stock, valued at $834,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.94% of the company’s stock.

Institutional Trading of Clear Secure

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Clear Secure in the 3rd quarter valued at $214,000. Bank of New York Mellon Corp boosted its holdings in Clear Secure by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 340,890 shares of the company’s stock valued at $6,491,000 after purchasing an additional 8,858 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Clear Secure by 23.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,524 shares of the company’s stock valued at $277,000 after purchasing an additional 2,780 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Clear Secure in the 3rd quarter valued at approximately $538,000. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Clear Secure by 50.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 235,769 shares of the company’s stock worth $4,489,000 after buying an additional 79,217 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

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.