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

Spire Global, Inc. (NYSE:SPIR) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.3333.

SPIR has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Spire Global from $10.50 to $14.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $9.00 in a report on Tuesday, December 23rd. HC Wainwright restated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st.

Spire Global Stock Up 31.6%

SPIR stock opened at $20.50 on Thursday. The firm has a market cap of $686.58 million, a price-to-earnings ratio of 12.97 and a beta of 2.23. Spire Global has a 12-month low of $6.60 and a 12-month high of $20.50. The company’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $10.49.

Insider Activity

In other news, COO Perez Celia Pelez sold 19,134 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $163,213.02. Following the transaction, the chief operating officer owned 267,776 shares in the company, valued at approximately $2,284,129.28. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Peter Platzer sold 58,428 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84. Following the transaction, the chairman owned 1,693,603 shares in the company, valued at $14,446,433.59. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 122,276 shares of company stock worth $1,056,013. Company 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 SPIR. Royal Bank of Canada raised its holdings in shares of Spire Global by 164.6% during the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after purchasing an additional 29,066 shares during the period. Geode Capital Management LLC increased its position in shares of Spire Global by 27.5% during the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock worth $7,879,000 after acquiring an additional 142,987 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Spire Global by 78.3% during the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock worth $228,000 after acquiring an additional 8,395 shares in the last quarter. Rhumbline Advisers increased its position in shares of Spire Global by 22.3% during the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock worth $467,000 after acquiring an additional 7,165 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Spire Global during the second quarter worth about $232,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

About Spire Global

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.