Spire Global (NYSE:SPIR) Price Target Raised to $24.00 at Alliance Global Partners

Spire Global (NYSE:SPIR) had its target price boosted by Alliance Global Partners from $17.00 to $24.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. Alliance Global Partners currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Robert W. Baird upped their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.00 to $20.00 in a research report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price target (down previously from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and an average price target of $19.60.

Spire Global Stock Up 1.0 %

Shares of SPIR opened at $13.48 on Thursday. The firm has a fifty day moving average price of $10.02 and a 200 day moving average price of $10.25. Spire Global has a 1-year low of $4.56 and a 1-year high of $19.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Spire Global by 225.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock valued at $853,000 after purchasing an additional 49,258 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Spire Global by 23.1% in the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after buying an additional 144,047 shares in the last quarter. Ancora Advisors LLC grew its holdings in Spire Global by 429.2% during the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock worth $3,953,000 after acquiring an additional 267,197 shares during the period. Pathway Financial Advisers LLC purchased a new position in Spire Global in the first quarter worth $27,000. Finally, DNB Asset Management AS lifted its holdings in Spire Global by 117.5% in the second quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after acquiring an additional 57,137 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.