Spire Global (NYSE:SPIR) Stock Price Expected to Rise, Alliance Global Partners Analyst Says

Spire Global (NYSE:SPIR) had its target price upped by Alliance Global Partners from $17.00 to $24.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Alliance Global Partners’ price target would suggest a potential upside of 78.04% from the stock’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird increased their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Raymond James reissued a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.00 to $20.00 in a research report on Thursday. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 target price (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Finally, Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire Global currently has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Spire Global Trading Up 1.0 %

Spire Global stock opened at $13.48 on Thursday. Spire Global has a 12 month low of $4.56 and a 12 month high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $10.25. The company has a market capitalization of $327.81 million, a price-to-earnings ratio of -3.87 and a beta of 1.96.

Institutional Trading of Spire Global

Several large investors have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in Spire Global in the first quarter valued at about $27,000. nVerses Capital LLC bought a new position in shares of Spire Global in the 2nd quarter worth approximately $37,000. Quest Partners LLC boosted its holdings in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Spire Global in the second quarter worth approximately $106,000. Finally, MetLife Investment Management LLC bought a new stake in Spire Global during the third quarter valued at approximately $136,000. Institutional investors own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.