In yesterday’s Wall Street session, Clear Secure Inc (NYSE:YOU) shares traded at $17.89, up 4.13% from the previous session.
YOU stock price is now -5.68% away from the 50-day moving average and -8.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
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With the price target maintained at $20, Wells Fargo recently Downgraded its rating from Equal Weight to Underweight for Clear Secure Inc (NYSE: YOU). On October 17, 2023, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $24, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Patterson Richard N. Jr., CISO sold 7,500 shares of the company’s stock on Feb 14 ’24. The stock was sold for $150,000 at an average price of $20.00. Upon completion of the transaction, the CISO now directly owns 41,727 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’23, 10% Owner Durable Capital Partners LP sold 2,640,735 shares of the business’s stock. A total of $66,726,857 was realized by selling the stock at an average price of $25.27. This leaves the insider owning 8,809,211 shares of the company worth $157.6 million. A total of 11.00% of the company’s stock is owned by insiders.
During the past 12 months, Clear Secure Inc has had a low of $14.64 and a high of $26.59. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.19, and a quick ratio of 1.19.
The net profit margin was 7.90% and return on equity was 22.54% for YOU. The company reported revenue of $179.05 million for the quarter, compared to $132.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.28 percent.
