Clear Secure (NYSE:YOU) Earns Outperform Rating from Telsey Advisory Group

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $42.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 88.70% from the company’s current price.

Several other analysts have also recently commented on the company. Wedbush restated a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Clear Secure presently has an average rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Trading Down 6.4 %

Shares of NYSE:YOU opened at $22.26 on Thursday. The firm’s 50 day moving average is $24.95 and its two-hundred day moving average is $28.48. The firm has a market capitalization of $3.10 billion, a P/E ratio of 25.88 and a beta of 1.38. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88.

Hedge Funds Weigh In On Clear Secure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YOU. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure in the third quarter valued at $26,000. GAMMA Investing LLC raised its position in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares in the last quarter. Huntington National Bank acquired a new stake in Clear Secure in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. boosted its position in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after purchasing an additional 2,276 shares in 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.