Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of “Hold” by Analysts

Spire Global, Inc. (NYSE:SPIR) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given 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 $11.10.

SPIR has been the subject of several research analyst reports. Industrial Alliance Securities set a $9.00 price objective on shares of Spire Global in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Spire Global in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Canaccord Genuity Group lowered their price objective on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $9.00 in a report on Tuesday, December 23rd.

Spire Global Stock Performance

Spire Global stock opened at $7.67 on Tuesday. The stock has a market cap of $253.88 million, a PE ratio of 20.18 and a beta of 2.43. The stock has a 50-day moving average of $8.93 and a two-hundred day moving average of $10.11. Spire Global has a one year low of $6.60 and a one year high of $21.43.

Insider Buying and Selling

In other Spire Global 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 transaction of $984,782.40. Following the sale, the chairman owned 1,476,164 shares in the company, valued at approximately $12,399,777.60. The trade was a 7.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. purchased a new stake in Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global during the 3rd quarter valued at approximately $25,000. Atlantic Private Wealth LLC boosted its holdings in shares of Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after acquiring an additional 1,699 shares during the period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.