Telsey Advisory Group Has Lowered Expectations for Clear Secure (NYSE:YOU) Stock Price

Clear Secure (NYSE:YOU) had its price target lowered by research analysts at Telsey Advisory Group from $42.00 to $32.00 in a research report issued on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 27.39% from the company’s previous close.

Several other research firms also recently weighed in on YOU. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Clear Secure Stock Up 3.0 %

Shares of Clear Secure stock opened at $25.12 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 29.21 and a beta of 1.25. The stock’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $26.75. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of YOU. Harbor Investment Advisory LLC bought a new position in Clear Secure during the first quarter valued at $27,000. Fifth Third Bancorp grew its position in Clear Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $29,000 after acquiring an additional 764 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 771 shares during the last quarter. Huntington National Bank purchased a new stake in Clear Secure during the fourth quarter valued at approximately $35,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Clear Secure by 72.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock valued at $38,000 after purchasing an additional 617 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

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.