Clear Secure (NYSE:YOU) Earns Outperform Rating from Telsey Advisory Group

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $42.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 87.83% from the stock’s previous close.

Several other research analysts have also recently issued reports on YOU. Wedbush reissued a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Clear Secure Trading Up 1.1 %

NYSE YOU opened at $22.36 on Friday. The stock has a market cap of $3.12 billion, a PE ratio of 26.00 and a beta of 1.38. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88. The company’s 50-day moving average price is $25.18 and its 200-day moving average price is $28.46.

Institutional Investors Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. International Assets Investment Management LLC purchased a new stake in shares of Clear Secure during the third quarter worth about $2,016,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Clear Secure in the 3rd quarter worth approximately $258,000. BayBridge Capital Group LLC purchased a new stake in Clear Secure during the 3rd quarter worth approximately $647,000. Louisiana State Employees Retirement System acquired a new position in Clear Secure during the 3rd quarter valued at approximately $1,478,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Clear Secure in the third quarter worth $203,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

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.