Rice Hall James & Associates LLC Lowers Position in Clear Secure, Inc. (NYSE:YOU)

Rice Hall James & Associates LLC reduced its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,063,169 shares of the company’s stock after selling 311,501 shares during the quarter. Clear Secure accounts for 1.6% of Rice Hall James & Associates LLC’s portfolio, making the stock its 15th largest position. Rice Hall James & Associates LLC owned about 0.76% of Clear Secure worth $28,323,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Clear Secure during the third quarter worth approximately $26,000. GAMMA Investing LLC grew its stake in Clear Secure by 221.6% during the fourth 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. KBC Group NV purchased a new stake in Clear Secure during the third quarter worth approximately $90,000. Blue Trust Inc. grew its stake in Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after buying an additional 2,696 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Clear Secure during the third quarter worth approximately $203,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on YOU shares. Stifel Nicolaus boosted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush reissued a “neutral” rating and set 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 target price on shares of Clear Secure in a research report on Monday, December 16th. Finally, Telsey Advisory Group boosted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Clear Secure currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Price Performance

YOU opened at $22.60 on Tuesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 26.28 and a beta of 1.38. The firm’s fifty day moving average price is $25.47 and its 200 day moving average price is $28.52. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure 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.