Clear Secure (NYSE:YOU) Given Buy Rating at Needham & Company LLC

Clear Secure (NYSE:YOU - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $45.00 price objective on the stock. Needham & Company LLC's price target would indicate a potential upside of 89.16% from the company's current price.

Several other brokerages have also issued reports on YOU. Wedbush reaffirmed a "neutral" rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Trading Up 0.3 %

Shares of YOU traded up $0.08 during trading hours on Thursday, reaching $23.79. 3,130,979 shares of the company's stock traded hands, compared to its average volume of 2,014,849. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a market cap of $3.32 billion, a PE ratio of 27.66 and a beta of 1.38. The firm's 50 day simple moving average is $24.84 and its 200-day simple moving average is $28.44.

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Hedge Funds Weigh In On Clear Secure

A number of hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure in the third quarter worth about $26,000. GAMMA Investing LLC lifted its holdings in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after buying an additional 771 shares during the period. Huntington National Bank bought a new stake in shares of Clear Secure in the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. increased its stake in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its holdings in shares of Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after acquiring an additional 2,276 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

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.