Spire Global, Inc. (NYSE:SPIR) Receives $18.20 Consensus Target Price from Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average rating of “Hold” by the four brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.3333.

A number of research firms have weighed in on SPIR. Wall Street Zen raised shares of Spire Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price objective (down from $16.00) on shares of Spire Global in a research note on Wednesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Spire Global in a research note on Thursday.

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 117,236 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $8.40, for a total value of $984,782.40. Following the transaction, the chairman directly owned 1,476,164 shares of the company’s stock, valued at $12,399,777.60. The trade was a 7.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.68% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently modified their holdings of SPIR. Bank of New York Mellon Corp grew its position in shares of Spire Global by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company’s stock worth $427,000 after buying an additional 1,712 shares during the period. Lane Generational LLC boosted its stake in Spire Global by 8.1% during the first quarter. Lane Generational LLC now owns 485,617 shares of the company’s stock worth $3,929,000 after acquiring an additional 36,251 shares in the last quarter. Deutsche Bank AG boosted its stake in Spire Global by 22.0% during the first quarter. Deutsche Bank AG now owns 14,143 shares of the company’s stock worth $114,000 after acquiring an additional 2,554 shares in the last quarter. Herald Investment Management Ltd grew its holdings in Spire Global by 6.5% in the first quarter. Herald Investment Management Ltd now owns 230,000 shares of the company’s stock worth $1,861,000 after purchasing an additional 14,000 shares during the period. Finally, Nuveen LLC bought a new stake in Spire Global in the first quarter valued at $331,000. 19.97% of the stock is currently owned by institutional investors.

Spire Global Trading Down 2.3%

Shares of SPIR stock opened at $7.49 on Wednesday. Spire Global has a 1-year low of $6.85 and a 1-year high of $21.43. The stock has a market cap of $245.07 million, a price-to-earnings ratio of 15.29 and a beta of 2.41. The stock has a 50-day moving average of $10.90 and a 200-day moving average of $10.61.

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.