Needham & Company LLC Reaffirms Buy Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They presently have a $45.00 price objective on the stock. Needham & Company LLC's price objective would indicate a potential upside of 70.20% from the company's current price.

YOU has been the subject of a number of other research reports. Stifel Nicolaus dropped their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Down 3.0 %

Shares of NYSE YOU traded down $0.81 during midday trading on Monday, reaching $26.44. The company had a trading volume of 566,093 shares, compared to its average volume of 1,958,351. The firm's fifty day moving average price is $24.44 and its 200-day moving average price is $28.03. Clear Secure has a one year low of $16.05 and a one year high of $38.88. The stock has a market cap of $3.62 billion, a PE ratio of 30.71 and a beta of 1.37.

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Institutional Trading of Clear Secure

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank bought a new stake in shares of Clear Secure during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. raised its holdings in Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Clear Secure by 113,800.0% in the 4th 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. Finally, Harbour Investments Inc. boosted its stake in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure 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, 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.