Clear Secure’s (YOU) Buy Rating Reiterated at Needham & Company LLC

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $45.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 102.18% from the stock’s current price.

YOU has been the topic of several other research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a report on Friday, February 21st. Wedbush restated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research 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. According to MarketBeat.com, Clear Secure has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Stock Performance

Shares of YOU opened at $22.26 on Thursday. Clear Secure has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 25.88 and a beta of 1.38. The firm has a 50 day moving average price of $24.95 and a 200-day moving average price of $28.48.

Institutional Investors Weigh In On Clear Secure

A number of large investors have recently made changes to their positions in YOU. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the third quarter worth approximately $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 during the period. Huntington National Bank purchased a new position in shares of Clear Secure during the 4th quarter worth $35,000. SRS Capital Advisors Inc. grew 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 acquiring an additional 766 shares during the period. Finally, Strategic Investment Solutions Inc. IL grew 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 acquiring an additional 2,276 shares during the period. 73.80% of the stock is currently 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.