Stifel Nicolaus Issues Pessimistic Forecast for Clear Secure (NYSE:YOU) Stock Price

Clear Secure (NYSE:YOU) had its target price reduced by investment analysts at Stifel Nicolaus from $32.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 9.69% from the stock’s previous close.

A number of other analysts also recently issued reports on YOU. Wedbush reissued 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. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Clear Secure has an average rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Price Performance

NYSE:YOU opened at $23.70 on Thursday. The business has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $28.42. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38.

Hedge Funds Weigh In On Clear Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. grew its position in Clear Secure by 100.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 21,442 shares of the company’s stock worth $571,000 after buying an additional 10,742 shares in the last quarter. WCG Wealth Advisors LLC grew its position in Clear Secure by 13.0% during the fourth quarter. WCG Wealth Advisors LLC now owns 13,971 shares of the company’s stock worth $372,000 after buying an additional 1,609 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Clear Secure by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,641 shares of the company’s stock worth $4,652,000 after buying an additional 33,174 shares in the last quarter. Vident Advisory LLC grew its position in Clear Secure by 88.0% during the fourth quarter. Vident Advisory LLC now owns 14,070 shares of the company’s stock worth $375,000 after buying an additional 6,585 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in Clear Secure by 74.7% during the fourth quarter. Two Sigma Advisers LP now owns 184,700 shares of the company’s stock worth $4,920,000 after buying an additional 79,000 shares in the last quarter. 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.