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

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.60.

A number of equities research analysts have issued reports on the stock. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. 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 report on Thursday, November 14th. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Canaccord Genuity Group raised their target price on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th.

Insiders Place Their Bets

In other news, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the completion of the transaction, the chief financial officer now owns 236,479 shares in the company, valued at $3,492,794.83. This trade represents a 5.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Theresa Condor sold 17,592 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 transaction of $259,833.84. Following the sale, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,481 shares of company stock valued at $1,380,714 over the last ninety days. 17.11% of the stock is currently owned by insiders.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently bought and sold shares of SPIR. Vanguard Group Inc. boosted its position in shares of Spire Global by 23.1% during the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after acquiring an additional 144,047 shares during the last quarter. Geode Capital Management LLC lifted its position in Spire Global by 9.0% during 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 grew its stake in Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after buying an additional 148,803 shares in the last quarter. NewGen Asset Management Ltd increased its holdings in shares of 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 buying an additional 325,000 shares during the last quarter. Finally, Stifel Financial Corp raised its position 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 valued at $2,424,000 after buying an additional 76,119 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Stock Performance

NYSE SPIR opened at $16.00 on Wednesday. The company has a fifty day moving average price of $10.91 and a 200-day moving average price of $10.46. The firm has a market cap of $389.12 million, a price-to-earnings ratio of -4.60 and a beta of 1.96. 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 1 year low of $4.71 and a 1 year high of $19.40.

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.