CLEAR Secure (NYSE:YOU) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of CLEAR Secure (NYSE:YOU) in a report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $45.00 price objective on the stock.

Several other brokerages also recently issued reports on YOU. The Goldman Sachs Group upped their price objective on shares of CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $38.00 price target on CLEAR Secure in a research note on Thursday, November 6th. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings downgraded CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. upgraded CLEAR Secure from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $42.00 in a research note on Friday, December 12th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.86.

CLEAR Secure Trading Up 2.7%

Shares of YOU stock opened at $33.39 on Wednesday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 20.36 and a beta of 1.21. The firm has a 50-day moving average price of $34.93 and a 200 day moving average price of $34.43. CLEAR Secure has a twelve month low of $21.67 and a twelve month high of $42.29.

Insider Transactions at CLEAR Secure

In other news, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares in the company, valued at approximately $636,853. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam Wiener sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the transaction, the director owned 165,634 shares in the company, valued at $5,797,190. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,532 shares of company stock valued at $1,446,812. 39.73% of the stock is owned by company insiders.

Institutional Trading of CLEAR Secure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its position in shares of CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in CLEAR Secure during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares during the last quarter. Allworth Financial LP increased its position in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock valued at $50,000 after purchasing an additional 330 shares in 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 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.