Stocks

Clear Secure (NYSE:YOU) Stock Price Down 5.5% - Time to Sell?

Published February 15, 2025

Clear Secure, Inc. (NYSE:YOU) experienced a decline of 5.5% in its stock price during mid-day trading on Friday. The stock reached a low of $22.65 and was last traded at that price. In total, approximately 787,693 shares changed hands, which is a steep drop of 48% from the average daily volume of 1,527,731 shares. Previously, the stock had closed at $23.98.

Analysts Set New Price Targets

Several analysts have provided updates on Clear Secure's stock. Stifel Nicolaus raised their price target for the stock from $24.00 to $32.00 while maintaining a "hold" rating on October 28th. Wedbush also reiterated a "neutral" rating, increasing their price target to $26.00 from an earlier $24.00 in a research note dated November 7th. Meanwhile, Telsey Advisory Group increased its price target from $34.00 to $42.00, giving the company an "outperform" rating on November 1st. Needham & Company LLC maintained a "buy" rating with a price target of $45.00 in their report from December 16th. According to MarketBeat, the consensus rating for Clear Secure is "Moderate Buy," with an average price target set at $35.20.

Get Our Latest Stock Analysis on Clear Secure

Clear Secure Stock Down 5.9 %

Clear Secure holds a market capitalization of $3.15 billion, along with a price-to-earnings ratio of 26.28 and a beta of 1.38. The company's 50-day simple moving average stands at $25.66, while its 200-day simple moving average is $28.39.

Hedge Funds Weigh In On Clear Secure

In recent months, various hedge funds and institutional investors have adjusted their stakes in Clear Secure. Capital Performance Advisors LLP made a new investment worth approximately $26,000 in the third quarter. GAMMA Investing LLC notably increased its holdings by 221.6% during the fourth quarter, now owning 1,119 shares valued at about $30,000 after acquiring an additional 771 shares. Huntington National Bank also entered a new position during this same period, worth around $35,000. SRS Capital Advisors Inc. expanded its investment by 56.1%, increasing its ownership to 2,132 shares valued at $57,000 after adding 766 shares. Notably, in the fourth quarter, Strategic Investment Solutions Inc. IL ramped up its holdings extensively, now possessing 2,278 shares valued at $61,000 after an acquisition of additional 2,276 shares. Overall, institutional investors and hedge funds hold 73.80% of Clear Secure's stock.

About Clear Secure

Clear Secure, Inc. operates a secure identity platform under the CLEAR brand in the United States. Their platform includes a multi-layered infrastructure for enrollment, verification, and linking, along with a back-end system. Additionally, the company offers CLEAR Plus, a subscription service that facilitates faster airport security checks, and the CLEAR mobile app to enhance the experience for members.

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