Clear Secure’s (YOU) Buy Rating Reaffirmed at Needham & Company LLC

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They currently have a $45.00 price objective on the stock. Needham & Company LLC’s price target suggests a potential upside of 62.87% from the company’s previous close.

YOU has been the subject of a number of other research reports. Stifel Nicolaus dropped their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. 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, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $27.63 on Monday. The business has a 50-day moving average of $24.38 and a two-hundred day moving average of $28.04. The firm has a market capitalization of $3.78 billion, a PE ratio of 32.13 and a beta of 1.37. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88.

Hedge Funds Weigh In On Clear Secure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC acquired a new position in shares of Clear Secure during the third quarter worth $460,000. Thrivent Financial for Lutherans acquired a new position in Clear Secure in the 3rd quarter worth $2,401,000. Intech Investment Management LLC purchased a new position in Clear Secure in the 3rd quarter valued at about $688,000. Charles Schwab Investment Management Inc. boosted its position in Clear Secure by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company’s stock valued at $28,903,000 after buying an additional 55,136 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Clear Secure by 257.9% during the third quarter. Citigroup Inc. now owns 107,858 shares of the company’s stock valued at $3,574,000 after acquiring an additional 77,718 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

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.