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

Shares of Spire Global, Inc. (NYSE:SPIR) have received an average rating of “Moderate Buy” from the seven research firms that are currently 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 price objective among brokers that have issued a report on the stock in the last year is $19.60.

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

Insider Activity at Spire Global

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

Hedge Funds Weigh In On Spire Global

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

Spire Global Price Performance

SPIR stock opened at $14.94 on Friday. Spire Global has a 1 year low of $6.26 and a 1 year high of $19.40. The stock has a market capitalization of $363.31 million, a PE ratio of -4.29 and a beta of 2.22. The company’s 50-day moving average is $12.89 and its 200-day moving average is $11.17. 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 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.