Telsey Advisory Group Reiterates “Outperform” Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $42.00 price objective on the stock. Telsey Advisory Group’s price objective points to a potential upside of 87.83% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Wedbush reissued a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Price Performance

YOU opened at $22.36 on Friday. The firm has a market cap of $3.12 billion, a P/E ratio of 26.00 and a beta of 1.38. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a 50 day simple moving average of $25.18 and a two-hundred day simple moving average of $28.46.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds have recently bought and sold shares of the business. WCG Wealth Advisors LLC increased its holdings in shares of Clear Secure by 13.0% in the 4th 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 increased its position in shares of Clear Secure by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,641 shares of the company’s stock valued at $4,652,000 after purchasing an additional 33,174 shares during the last quarter. Vident Advisory LLC lifted its position in Clear Secure by 88.0% in 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. Two Sigma Advisers LP boosted its stake 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 period. Finally, Two Sigma Investments LP increased its position in Clear Secure by 1,899.6% during the fourth quarter. Two Sigma Investments LP now owns 301,505 shares of the company’s stock valued at $8,032,000 after acquiring an additional 286,427 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

About Clear Secure

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.