Spire Global (NYSE:SPIR) Upgraded at Alliance Global Partners

Key Points

• Alliance Global Partners upgraded Spire Global to “buy” from “neutral” and set a $15 price target, implying 54.75% upside from the prior close.
• Analyst sentiment is mixed but leans positive: five analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $17.90.
• Spire Global reported a quarterly EPS loss of $0.31, missing estimates by $0.05, while revenue of $18.05 million also fell short of forecasts; the company continues to post significant negative margins.

Spire Global (NYSE:SPIR - Get Free Report) was upgraded by research analysts at Alliance Global Partners from a "neutral" rating to a "buy" rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $15.00 price target on the stock. Alliance Global Partners' price objective suggests a potential upside of 54.75% from the stock's previous close.

Several other equities analysts have also weighed in on SPIR. Weiss Ratings lowered Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 27th. Wall Street Zen upgraded Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Benchmark reissued a "buy" rating on shares of Spire Global in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.90.

Spire Global Price Performance

SPIR opened at $9.69 on Tuesday. The business has a 50-day moving average of $12.41 and a 200-day moving average of $15.39. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $25.93. The company has a market capitalization of $379.19 million, a PE ratio of -3.63 and a beta of 2.81.

Spire Global (NYSE:SPIR - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.05). The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.53 million. Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. On average, equities research analysts expect that Spire Global will post -1.50 earnings per share for the current fiscal year.

Insider Buying and Selling at Spire Global

In related news, CEO Theresa Condor sold 22,502 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total transaction of $317,053.18. Following the completion of the sale, the chief executive officer owned 948,686 shares in the company, valued at $13,366,985.74. This represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen Messer sold 17,986 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $14.06, for a total value of $252,883.16. Following the completion of the sale, the director directly owned 83,667 shares in the company, valued at $1,176,358.02. This trade represents a 17.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,301 shares of company stock worth $1,005,333 in the last ninety days. 13.04% of the stock is owned by insiders.

Institutional Trading of Spire Global

Several institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. bought a new stake in shares of Spire Global during the second quarter valued at approximately $7,692,000. Bank of New York Mellon Corp bought a new position in Spire Global in the second quarter worth $1,737,000. Royal Bank of Canada boosted its stake in Spire Global by 9.9% during the first quarter. Royal Bank of Canada now owns 78,641 shares of the company's stock worth $989,000 after buying an additional 7,113 shares in the last quarter. Bank of America Corp DE boosted its stake in Spire Global by 27.1% during the first quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock worth $957,000 after buying an additional 16,227 shares in the last quarter. Finally, ARS Investment Partners LLC boosted its stake in Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company's stock worth $396,000 after buying an additional 785 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company's stock.

Spire Global Company Profile

Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.

Spire's products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.

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