Telsey Advisory Group Reiterates “Outperform” Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $42.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 77.19% from the company’s previous close.

Several other research analysts have also recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday. Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report 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 MarketBeat, Clear Secure has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Price Performance

Shares of YOU stock opened at $23.70 on Thursday. The stock has a market cap of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38. Clear Secure has a one year low of $16.05 and a one year high of $38.88. The stock has a fifty day moving average price of $24.84 and a 200 day moving average price of $28.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Clear Secure by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after acquiring an additional 473,207 shares in the last quarter. FMR LLC increased its stake in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after buying an additional 501,000 shares in the last quarter. State Street Corp increased its stake in shares of Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after buying an additional 1,312,419 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Clear Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after buying an additional 1,422,999 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.