Spire Global (NYSE:SPIR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Spire Global (NYSE:SPIR) had its price target raised by Canaccord Genuity Group from $12.00 to $18.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on SPIR. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird raised their price target on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Up 0.8 %

Shares of SPIR opened at $13.59 on Friday. The firm has a 50 day simple moving average of $10.14 and a two-hundred day simple moving average of $10.28. 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 one year low of $4.56 and a one year high of $19.40. The company has a market cap of $330.51 million, a P/E ratio of -3.91 and a beta of 1.96.

Institutional Trading of Spire Global

Several institutional investors have recently modified their holdings of SPIR. Geode Capital Management LLC raised 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 purchasing an additional 41,612 shares during the last quarter. Barclays PLC raised its position in shares of Spire Global by 321.5% during the third quarter. Barclays PLC now owns 31,875 shares of the company’s stock worth $318,000 after acquiring an additional 24,312 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Spire Global in the third quarter worth approximately $392,000. Jane Street Group LLC boosted its holdings in Spire Global by 96.4% in the third quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock valued at $554,000 after acquiring an additional 27,219 shares during the last quarter. Finally, State Street Corp increased its position in Spire Global by 53.1% during the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after purchasing an additional 148,803 shares during the period. Institutional investors own 19.97% of the company’s stock.

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.