Shares of Clear Secure are moving higher after Needham analyst Joshua Reilly pointed out the TSA PreCheck for renewal customers online has gone live today. This means is customers who visit the TSA PreCheck website put on by the TSA.GOV will now have the opportunity to click a link and renew their PreCheck through Clear Secure, and also optionally be able to purchase a bundle of PreCheck plus Clear Plus for $190.95, the analyst told investors in a research note. This implies a first year price of $122.00 for Clear Plus and the five-year renewal membership of PreCheck of $68.95, according to Needham. The firm, which notes customers can still not sign-up net new for PreCheck online or in the airport, believes “this first step indicates an in airport offering for both renewals and net-new customers is approaching.” Needham thinks bundle pricing should accelerate Clear Secure’s net member additions in Q1. The stock in afternoon trading is up 4% to $19.83.
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