Shaker Investments LLC OH Acquires New Position in Clear Secure, Inc. (NYSE:YOU)

Shaker Investments LLC OH purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,006 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds have also modified their holdings of YOU. Truist Financial Corp boosted its holdings in Clear Secure by 2.0% in the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after buying an additional 582 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the third quarter worth $26,000. GAMMA Investing LLC boosted its position in shares of 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. State of Alaska Department of Revenue grew its stake in Clear Secure by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company’s stock valued at $1,423,000 after acquiring an additional 821 shares in the last quarter. Finally, KBC Group NV increased its holdings in Clear Secure by 50.1% in the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after acquiring an additional 1,357 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on YOU shares. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, December 16th. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their target price on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Stock Performance

NYSE:YOU opened at $22.97 on Tuesday. The stock’s fifty day moving average is $25.83 and its 200 day moving average is $28.44. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market capitalization of $3.20 billion, a PE ratio of 26.71 and a beta of 1.38.

Clear Secure 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.