Analysts Set Spire Global, Inc. (NYSE:SPIR) PT at $19.60

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.60.

Several analysts have recently commented on SPIR shares. Robert W. Baird raised their target price on 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 restated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Canaccord Genuity Group lifted their price objective on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th.

Spire Global Trading Up 1.1 %

NYSE:SPIR opened at $16.34 on Wednesday. Spire Global has a 12 month low of $4.71 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 stock has a market capitalization of $397.39 million, a price-to-earnings ratio of -4.70 and a beta of 1.96. The firm has a fifty day simple moving average of $11.25 and a two-hundred day simple moving average of $10.56.

Insider Buying and Selling at Spire Global

In related news, CEO Peter Platzer sold 50,238 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of 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 trade represents a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Boyd C. Johnson sold 12,373 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the transaction, the chief accounting officer now owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock valued at $1,380,714 in the last 90 days. 17.11% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after acquiring an additional 1,700 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Spire Global during the 1st quarter valued at about $27,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after buying an additional 3,072 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Spire Global during the 2nd quarter valued at about $37,000. Finally, Quest Partners LLC lifted its position in Spire Global by 869,900.0% in the 3rd 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. Hedge funds and other 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.