Clear Secure (NYSE:YOU) Given New $26.00 Price Target at Stifel Nicolaus

Clear Secure (NYSE:YOU) had its target price lowered by research analysts at Stifel Nicolaus from $32.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 15.98% from the company’s current price.

A number of other research firms have also commented on YOU. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Thursday. Wedbush reissued a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Trading Up 0.8 %

Shares of YOU opened at $22.42 on Thursday. The company’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $28.48. The firm has a market cap of $3.13 billion, a PE ratio of 26.14 and a beta of 1.38. 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WCG Wealth Advisors LLC lifted its holdings in shares of Clear Secure by 13.0% in the 4th quarter. WCG Wealth Advisors LLC now owns 13,971 shares of the company’s stock valued at $372,000 after buying an additional 1,609 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Clear Secure by 23.4% in 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 acquiring an additional 33,174 shares in the last quarter. Vident Advisory LLC lifted its holdings in Clear Secure by 88.0% in the fourth quarter. Vident Advisory LLC now owns 14,070 shares of the company’s stock valued at $375,000 after acquiring an additional 6,585 shares during the period. Two Sigma Advisers LP boosted its position in shares of Clear Secure by 74.7% during the 4th quarter. Two Sigma Advisers LP now owns 184,700 shares of the company’s stock worth $4,920,000 after purchasing an additional 79,000 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Clear Secure by 1,899.6% during the 4th quarter. Two Sigma Investments LP now owns 301,505 shares of the company’s stock worth $8,032,000 after purchasing an additional 286,427 shares in 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.