Shares of Clear Secure, Inc. (NYSE:YOU) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $49.00.
Several analysts have issued reports on YOU shares. Zacks Investment Research upgraded Clear Secure from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, September 30th. Stifel Nicolaus initiated coverage on Clear Secure in a report on Monday, July 26th. They set a “buy” rating and a $50.00 price target for the company. The Goldman Sachs Group initiated coverage on Clear Secure in a report on Monday, July 26th. They set a “neutral” rating and a $34.00 price target for the company. Loop Capital increased their price target on Clear Secure from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, August 17th. They noted that the move was a valuation call. Finally, Telsey Advisory Group increased their target price on Clear Secure from $50.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th.
Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Clear Secure during the 2nd quarter valued at $38,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in Clear Secure during the second quarter worth about $58,000. Private Capital Group LLC grew its position in Clear Secure by 181.2% during the third quarter. Private Capital Group LLC now owns 2,188 shares of the company’s stock worth $90,000 after buying an additional 1,410 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Clear Secure during the second quarter worth about $200,000. Finally, HBK Investments L P bought a new position in shares of Clear Secure in the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 34.11% of the company’s stock.
Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Sunday, August 15th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.33. The firm had revenue of $55.18 million during the quarter, compared to analyst estimates of $54.05 million. On average, research analysts forecast that Clear Secure will post -1.34 EPS for the current year.
Clear Secure Company Profile
Clear Secure, Inc focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform using biometric data in the United States. The company's secure identity platform uses biometrics to automate the identity verification process through CLEAR lanes in airports.
Further Reading: What is a trade deficit?
Receive News & Ratings for Clear Secure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clear Secure and related companies with MarketBeat.com's FREE daily email newsletter.