Telsey Advisory Group Reaffirms Outperform Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $42.00 price target on the stock. Telsey Advisory Group's target price would indicate a potential upside of 76.54% from the company's previous close.

Several other research firms have also weighed in on YOU. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Thursday. Wedbush reaffirmed a "neutral" rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Clear Secure Price Performance

Shares of Clear Secure stock traded up $0.08 during midday trading on Thursday, hitting $23.79. 3,130,979 shares of the company were exchanged, compared to its average volume of 2,014,849. The firm has a 50 day simple moving average of $24.84 and a 200-day simple moving average of $28.44. The firm has a market cap of $3.32 billion, a P/E ratio of 27.66 and a beta of 1.38. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88.

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Hedge Funds Weigh In On Clear Secure

A number of institutional investors have recently modified their holdings of YOU. Capital Performance Advisors LLP bought a new position in Clear Secure in the 3rd quarter worth approximately $26,000. GAMMA Investing LLC increased its stake in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares during the period. Huntington National Bank bought a new stake in shares of Clear Secure during the fourth quarter worth $35,000. SRS Capital Advisors Inc. lifted 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 acquiring an additional 766 shares during the period. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in Clear Secure by 113,800.0% in 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 during the last quarter. 73.80% of the stock is owned by institutional investors.

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.