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

by · The Markets Daily

Spire Global, Inc. (NYSE:SPIR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.60.

Several brokerages have issued reports on SPIR. Alliance Global Partners lifted their price target on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group raised their price target on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Robert W. Baird upped their price objective on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th.

Read Our Latest Report on Spire Global

Insider Activity

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the transaction, the chief operating officer now directly owns 377,152 shares of the company’s stock, valued at $5,570,535.04. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter Platzer sold 50,238 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $742,015.26. Following the sale, the chief executive officer now owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 over the last three months. Insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after buying an additional 41,612 shares during the period. State Street Corp increased its position in Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after acquiring an additional 148,803 shares during the period. NewGen Asset Management Ltd raised its stake in Spire Global by 406.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after purchasing an additional 325,000 shares in the last quarter. Stifel Financial Corp boosted its holdings in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after purchasing an additional 76,119 shares during the period. Finally, Herald Investment Management Ltd grew its position in shares of Spire Global by 10.0% during the 2nd quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock worth $1,784,000 after purchasing an additional 15,000 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Price Performance

NYSE SPIR opened at $13.24 on Friday. The firm’s 50 day moving average is $12.52 and its 200-day moving average is $11.05. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $321.97 million, a PE ratio of -3.80 and a beta of 2.22. Spire Global has a 12-month low of $6.26 and a 12-month high of $19.40.

About Spire Global

(Get Free Report

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.

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