Spire Global, Inc. (SPIR) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts maintain a “Moderate Buy” consensus on Spire Global, with five buy ratings and one sell rating; the average 12-month price target is $17.90.
• Spire Global shares opened at $8.75, well below their 50-day and 200-day moving averages. The company missed quarterly EPS and revenue estimates and continues to report significant losses.
• Insiders sold $1.0 million of stock over the past 90 days, while institutional ownership stands at approximately 20%; several institutions recently increased or initiated positions.

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.90.

A number of brokerages recently issued reports on SPIR. Weiss Ratings cut Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 27th. Benchmark reiterated a "buy" rating on shares of Spire Global in a research report on Monday, August 3rd. Alliance Global Partners upgraded shares of Spire Global from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Tuesday, October 13th. Finally, Wall Street Zen upgraded shares of Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th.

Spire Global Trading Down 2.3%

Shares of NYSE SPIR opened at $8.75 on Tuesday. The stock has a fifty day simple moving average of $11.96 and a two-hundred day simple moving average of $15.26. Spire Global has a 1-year low of $6.60 and a 1-year high of $25.93. The firm has a market cap of $342.14 million, a price-to-earnings ratio of -3.28 and a beta of 2.81.

Spire Global (NYSE:SPIR - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. Analysts forecast that Spire Global will post -1.50 EPS for the current year.

Insider Activity at Spire Global

In related news, CTO Johann Oehme sold 2,989 shares of the firm'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 $42,115.01. Following the completion of the transaction, the chief technology officer directly owned 215,107 shares of the company's stock, valued at approximately $3,030,857.63. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $14.06, for a total transaction of $252,883.16. Following the completion of the transaction, the director directly owned 83,667 shares of the company's stock, valued at approximately $1,176,358.02. This trade represents a 17.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,301 shares of company stock worth $1,005,333 in the last ninety days. Insiders own 13.04% of the company's stock.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently made changes to their positions in SPIR. Vontobel Holding Ltd. boosted its holdings in shares of Spire Global by 43.0% in the third quarter. Vontobel Holding Ltd. now owns 298,080 shares of the company's stock worth $3,333,000 after acquiring an additional 89,622 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Spire Global in the second quarter valued at $184,000. AWM Investment Company Inc. bought a new stake in shares of Spire Global during the 2nd quarter valued at $7,692,000. Bank of New York Mellon Corp bought a new stake in shares of Spire Global during the 2nd quarter valued at $1,737,000. Finally, Bank of America Corp DE raised its stake in shares of Spire Global by 27.1% during the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock valued at $957,000 after purchasing an additional 16,227 shares during the period. Hedge funds and other institutional investors 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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