Spire Global, Inc. (NYSE:SPIR) Stock Has Consensus Target Price of $16.70 According to Brokerages

Key Points

• Analysts have a Moderate Buy consensus on Spire Global, with four buys, one hold and one sell among six analysts. The average 12-month price target is $16.70, above the reported share price of $12.27.
• Spire Global’s latest quarterly results fell short of expectations, with an adjusted loss of $0.31 per share versus the $0.26 consensus estimate and revenue of $18.05 million versus $18.53 million expected.
• Insiders have sold 57,347 shares worth approximately $807,480 over the past 90 days, while institutional investors and hedge funds own nearly 20% of the company.

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 reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.70.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Spire Global from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 27th. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the stock a "buy" rating in a report on Thursday, June 4th. Finally, Benchmark reaffirmed a "buy" rating on shares of Spire Global in a report on Monday, August 3rd.

Insider Buying and Selling at Spire Global

In other Spire Global news, COO Perez Pelez sold 4,484 shares of Spire Global stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total transaction of $63,179.56. Following the transaction, the chief operating officer directly owned 258,632 shares of the company's stock, valued at $3,644,124.88. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Alison K. Engel sold 4,286 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total transaction of $60,389.74. Following the completion of the transaction, the chief financial officer owned 261,552 shares in the company, valued at $3,685,267.68. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 57,347 shares of company stock worth $807,480. Corporate insiders own 13.04% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Spire Global during the second quarter valued at about $184,000. AWM Investment Company Inc. purchased a new stake in shares of Spire Global in the 2nd quarter valued at approximately $7,692,000. Bank of New York Mellon Corp acquired a new position in shares of Spire Global in the 2nd quarter worth approximately $1,737,000. Bank of America Corp DE lifted its holdings in shares of Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock worth $957,000 after acquiring an additional 16,227 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its position in shares of Spire Global by 11.4% during the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company's stock worth $148,000 after purchasing an additional 1,200 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Spire Global Trading Up 0.5%

Shares of Spire Global stock opened at $12.27 on Friday. Spire Global has a twelve month low of $6.60 and a twelve month high of $25.93. The firm has a market capitalization of $479.92 million, a PE ratio of -4.59 and a beta of 2.58. The firm's 50-day moving average price is $12.52 and its 200 day moving average price is $15.42.

Spire Global (NYSE:SPIR - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.31) EPS 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 firm had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. On average, sell-side analysts predict that Spire Global will post -1.5 EPS for the current fiscal year.

About Spire Global

Spire Global, Inc NYSE: SPIR is a space-based data and analytics company that operates a constellation of satellites designed to collect information about the Earth's atmosphere, oceans and commercial activity. The company combines satellite observations with cloud-based processing and artificial intelligence to deliver data, insights and predictive analytics to government and commercial customers.

Its offerings include weather and climate data generated through radio occultation, as well as maritime and aviation intelligence.

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