Telsey Advisory Group Reaffirms Outperform Rating for CLEAR Secure (NYSE:YOU)

CLEAR Secure (NYSE:YOU)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They presently have a $45.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 38.46% from the stock’s current price.

Several other brokerages have also recently weighed in on YOU. Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price objective on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $42.00 in a research note on Friday, December 12th. Stifel Nicolaus set a $38.00 price target on shares of CLEAR Secure in a report on Thursday, November 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.86.

CLEAR Secure Stock Performance

NYSE:YOU opened at $32.50 on Wednesday. The firm’s fifty day moving average is $34.98 and its two-hundred day moving average is $34.43. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 19.82 and a beta of 1.21. CLEAR Secure has a one year low of $21.67 and a one year high of $42.29.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total value of $490,000.00. Following the transaction, the director owned 165,634 shares in the company, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the sale, the insider directly owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,532 shares of company stock worth $1,446,812. Company insiders own 39.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. boosted its position in shares of CLEAR Secure by 137.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 265,887 shares of the company’s stock valued at $9,327,000 after acquiring an additional 153,728 shares during the last quarter. Guggenheim Capital LLC acquired a new position in CLEAR Secure in the 4th quarter valued at about $1,352,000. AQR Capital Management LLC grew its stake in shares of CLEAR Secure by 46.6% in the 4th quarter. AQR Capital Management LLC now owns 561,298 shares of the company’s stock valued at $19,690,000 after buying an additional 178,523 shares during the period. Cetera Investment Advisers increased its holdings in shares of CLEAR Secure by 19.4% during the 4th quarter. Cetera Investment Advisers now owns 56,338 shares of the company’s stock worth $1,976,000 after buying an additional 9,138 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of CLEAR Secure by 52.5% during the 4th quarter. Trexquant Investment LP now owns 266,295 shares of the company’s stock worth $9,342,000 after buying an additional 91,692 shares during 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 biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.