Needham & Company LLC Reiterates Buy Rating for Clear Secure (NYSE:YOU)

Clear Secure (NYSE:YOU)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report released on Monday,Benzinga reports. They presently have a $45.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 69.88% from the company’s current price.

Several other research firms have also commented on YOU. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 price target 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 company. According to MarketBeat, Clear Secure has an average rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Stock Up 3.2 %

YOU traded up $0.81 on Monday, reaching $26.49. The company had a trading volume of 988,429 shares, compared to its average volume of 1,907,865. The stock has a 50-day moving average price of $24.36 and a 200-day moving average price of $28.07. The stock has a market capitalization of $3.63 billion, a PE ratio of 30.78 and a beta of 1.37. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 771 shares during the period. Huntington National Bank purchased a new position in Clear Secure during the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. boosted its holdings in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in shares of Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after buying an additional 2,276 shares during the period. Finally, Harbour Investments Inc. increased its holdings in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds 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.