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

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $42.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 77.19% from the stock’s previous close.

YOU has been the subject of a number of other reports. Wedbush reiterated a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $23.70 on Thursday. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.88. The firm has a market cap of $3.30 billion, a PE ratio of 27.56 and a beta of 1.38. The business has a fifty day moving average of $24.84 and a 200-day moving average of $28.42.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. boosted its holdings in Clear Secure by 100.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 21,442 shares of the company’s stock worth $571,000 after buying an additional 10,742 shares during the last quarter. WCG Wealth Advisors LLC boosted its holdings in Clear Secure by 13.0% during the fourth quarter. WCG Wealth Advisors LLC now owns 13,971 shares of the company’s stock worth $372,000 after buying an additional 1,609 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Clear Secure by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,641 shares of the company’s stock worth $4,652,000 after buying an additional 33,174 shares during the last quarter. Vident Advisory LLC boosted its holdings in Clear Secure by 88.0% during the fourth quarter. Vident Advisory LLC now owns 14,070 shares of the company’s stock worth $375,000 after buying an additional 6,585 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Clear Secure by 74.7% during the fourth quarter. Two Sigma Advisers LP now owns 184,700 shares of the company’s stock worth $4,920,000 after buying an additional 79,000 shares during the last quarter. 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.