Needham & Company LLC Reaffirms “Buy” Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $45.00 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 89.85% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Friday, February 21st. Wedbush restated a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Trading Up 5.1 %

YOU stock opened at $23.70 on Thursday. The firm has a market capitalization of $3.30 billion, a PE ratio of 27.56 and a beta of 1.38. Clear Secure has a 1-year low of $16.05 and a 1-year high of $38.88. The business’s 50 day simple moving average is $24.84 and its 200 day simple moving average is $28.42.

Institutional Trading of Clear Secure

Several institutional investors have recently added to or reduced their stakes in YOU. Pacer Advisors Inc. lifted its position in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after acquiring an additional 3,039,236 shares during the period. Wellington Management Group LLP bought a new stake in shares of Clear Secure during the 3rd quarter valued at $62,950,000. FMR LLC lifted its position in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the period. Arrowstreet Capital Limited Partnership lifted its position 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 valued at $73,707,000 after acquiring an additional 1,463,748 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Clear Secure during the 4th quarter valued at $37,697,000. 73.80% of the stock is currently owned by 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.