Spire Global, Inc. (NYSE:SPIR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Spire Global, Inc. (NYSE:SPIR) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.60.

A number of equities research analysts have recently weighed in on the stock. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and raised their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird increased their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

Insider Activity

In related news, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares in the company, valued at $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the sale, the chief operating officer now directly owns 377,152 shares in the company, valued at $5,570,535.04. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,481 shares of company stock valued at $1,380,714. Company insiders own 17.11% of the company’s stock.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently bought and sold shares of SPIR. Vanguard Group Inc. lifted its holdings in shares of Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,047 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after acquiring an additional 41,612 shares in the last quarter. State Street Corp boosted its stake in Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after purchasing an additional 148,803 shares in the last quarter. NewGen Asset Management Ltd lifted its stake in shares of Spire Global by 406.3% in the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after buying an additional 325,000 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after buying an additional 76,119 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Stock Performance

NYSE:SPIR opened at $16.00 on Wednesday. The company has a market capitalization of $389.12 million, a price-to-earnings ratio of -4.60 and a beta of 1.96. The business has a 50 day moving average of $10.91 and a 200 day moving average of $10.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. Spire Global has a 1-year low of $4.71 and a 1-year high of $19.40.

About Spire Global

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.