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

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reiterated by 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 price target would indicate a potential upside of 88.70% from the stock’s current price.

Several other research firms also recently weighed in on YOU. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Trading Down 6.4 %

Shares of NYSE:YOU opened at $22.26 on Thursday. The firm has a market cap of $3.10 billion, a PE ratio of 25.88 and a beta of 1.38. The company has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $28.48. Clear Secure has a 12-month low of $16.05 and a 12-month high of $38.88.

Institutional Investors Weigh In On Clear Secure

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Clear Secure by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock valued at $333,718,000 after acquiring an additional 473,207 shares during the period. FMR LLC lifted its holdings in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the last quarter. Renaissance Technologies LLC boosted its position in Clear Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. State Street Corp grew its stake in Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Clear Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. 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.