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

Shares of Spire Global, Inc. (NYSE:SPIR) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.5833.

SPIR has been the topic of several analyst reports. HC Wainwright began coverage on Spire Global in a report on Tuesday, January 6th. They set a “buy” rating and a $14.00 target price on the stock. Alliance Global Partners lowered Spire Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Canaccord Genuity Group dropped their price objective on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $14.00 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, December 18th.

Spire Global Stock Performance

Shares of SPIR opened at $11.57 on Friday. The business’s 50-day moving average is $8.87 and its two-hundred day moving average is $10.02. The company has a market capitalization of $382.97 million, a P/E ratio of 30.45 and a beta of 2.44. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $21.43.

Insider Activity

In other news, Chairman Peter Platzer sold 117,236 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $8.40, for a total transaction of $984,782.40. Following the sale, the chairman directly owned 1,476,164 shares of the company’s stock, valued at $12,399,777.60. This represents a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spire Global

A number of large investors have recently bought and sold shares of SPIR. Royal Bank of Canada boosted its position in Spire Global by 164.6% during the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock worth $378,000 after purchasing an additional 29,066 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Spire Global by 6.9% during the 1st quarter. Rhumbline Advisers now owns 32,075 shares of the company’s stock valued at $259,000 after buying an additional 2,068 shares in the last quarter. Herald Investment Management Ltd lifted its position in shares of Spire Global by 67.9% during the 2nd quarter. Herald Investment Management Ltd now owns 386,249 shares of the company’s stock valued at $4,596,000 after buying an additional 156,249 shares in the last quarter. AlphaQuest LLC grew its stake in Spire Global by 99.1% in the 2nd quarter. AlphaQuest LLC now owns 4,550 shares of the company’s stock valued at $54,000 after acquiring an additional 2,265 shares during the period. Finally, Lane Generational LLC increased its holdings in Spire Global by 11.8% in the 2nd quarter. Lane Generational LLC now owns 542,741 shares of the company’s stock worth $6,459,000 after acquiring an additional 57,124 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.