Spire Global (NYSE:SPIR) Given New $14.00 Price Target at Canaccord Genuity Group

Spire Global (NYSE:SPIR) had its price target upped by research analysts at Canaccord Genuity Group from $10.50 to $14.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 14.67% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Spire Global in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. iA Financial set a $9.00 target price on Spire Global in a research report on Tuesday, December 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Spire Global currently has a consensus rating of “Hold” and a consensus price target of $13.33.

Spire Global Stock Performance

NYSE SPIR traded up $0.01 on Friday, hitting $12.21. 1,788,521 shares of the stock were exchanged, compared to its average volume of 680,787. The stock has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $10.02. The firm has a market capitalization of $404.12 million, a P/E ratio of 7.73 and a beta of 2.50. Spire Global has a 52-week low of $6.60 and a 52-week high of $14.52.

Insider Transactions at Spire Global

In other news, COO Perez Celia Pelez sold 19,134 shares of Spire Global stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $163,213.02. Following the completion of the sale, the chief operating officer owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theresa Condor sold 41,712 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the transaction, the chief executive officer directly owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 119,274 shares of company stock worth $1,017,407. Insiders own 14.68% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. bought a new position in shares of Spire Global during the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global in the third quarter valued at approximately $25,000. Atlantic Private Wealth LLC grew its holdings in Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Spire Global during the fourth quarter worth $44,000. Hedge funds and other institutional investors 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.