State of Alaska Department of Revenue Increases Position in Clear Secure, Inc. (NYSE:YOU)

State of Alaska Department of Revenue lifted its position in Clear Secure, Inc. (NYSE:YOU) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,431 shares of the company’s stock after purchasing an additional 821 shares during the period. State of Alaska Department of Revenue’s holdings in Clear Secure were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundry Partners LLC increased its stake in shares of Clear Secure by 667.5% in the third quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock worth $7,086,000 after purchasing an additional 185,957 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Clear Secure in the third quarter worth $2,010,000. New York State Teachers Retirement System increased its stake in shares of Clear Secure by 402.1% in the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock worth $1,272,000 after purchasing an additional 30,733 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Clear Secure in the third quarter worth $2,401,000. Finally, Meritage Portfolio Management increased its stake in shares of Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock worth $1,208,000 after purchasing an additional 18,994 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Clear Secure Stock Up 4.7 %

Shares of NYSE:YOU opened at $24.21 on Thursday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The stock has a market capitalization of $3.37 billion, a P/E ratio of 28.15 and a beta of 1.38. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $28.42.

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.