Short Interest in Clear Secure, Inc. (NYSE:YOU) Rises By 22.3%

Clear Secure, Inc. (NYSE:YOU) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 19,720,000 shares, an increase of 22.3% from the January 15th total of 16,130,000 shares. Based on an average trading volume of 2,030,000 shares, the short-interest ratio is presently 9.7 days. Currently, 23.7% of the company’s stock are short sold.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $22.60 on Monday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 26.28 and a beta of 1.38. The business has a 50-day moving average of $25.57 and a two-hundred day moving average of $28.50. Clear Secure has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Institutional Investors Weigh In On Clear Secure

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after buying an additional 3,039,236 shares during the last quarter. Wellington Management Group LLP acquired a new position in Clear Secure in the 3rd quarter valued at approximately $62,950,000. FMR LLC lifted its position 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 acquiring an additional 1,547,692 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Clear Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock worth $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Clear Secure during the fourth quarter valued at approximately $37,697,000. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus boosted their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday, December 16th. Telsey Advisory Group raised their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.20.

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.