Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.70.

A number of brokerages have recently issued reports on SPIR. Wall Street Zen raised Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the company a "buy" rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. Alliance Global Partners reaffirmed a "neutral" rating on shares of Spire Global in a report on Thursday, May 14th. Finally, Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the company a "buy" rating in a research report on Thursday, June 4th.

Spire Global Price Performance

Shares of NYSE SPIR opened at $13.17 on Monday. The firm has a market cap of $515.21 million, a price-to-earnings ratio of -4.93 and a beta of 2.55. The company's 50-day simple moving average is $14.23 and its 200-day simple moving average is $15.07. Spire Global has a 52-week low of $6.60 and a 52-week high of $25.93.

Spire Global (NYSE:SPIR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. The company had revenue of $18.05 million during the quarter, compared to analysts' expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. Equities research analysts anticipate that Spire Global will post -1.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Johann Gabriel Oehme sold 2,989 shares of the business's 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 $42,115.01. Following the transaction, the chief technology officer directly owned 215,107 shares in the company, valued at $3,030,857.63. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 22,502 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $317,053.18. Following the completion of the sale, the chief executive officer owned 948,686 shares of the company's stock, valued at $13,366,985.74. This trade represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 57,347 shares of company stock worth $807,480 in the last 90 days. Corporate insiders own 13.04% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new stake in Spire Global during the second quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in Spire Global in the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 1,260 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock valued at $49,000 after buying an additional 1,699 shares during the period. Finally, Leonteq Securities AG purchased a new stake in shares of Spire Global in the 4th quarter valued at approximately $44,000. 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.

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