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

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.20.

Several analysts have commented on SPIR shares. Robert W. Baird upped their price objective on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus reduced their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their price objective on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th.

Spire Global Stock Down 1.1%

Shares of NYSE SPIR opened at $12.20 on Thursday. The stock has a market cap of $379.18 million, a PE ratio of -3.51 and a beta of 2.40. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43. The business has a 50-day moving average price of $10.85 and a 200 day moving average price of $11.79.

Insider Buying and Selling

In related news, Director Stephen Messer sold 16,660 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $10.85, for a total value of $180,761.00. Following the completion of the transaction, the director directly owned 82,062 shares of the company's stock, valued at $890,372.70. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Peter Platzer sold 130,191 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $12.25, for a total value of $1,594,839.75. Following the completion of the transaction, the chairman directly owned 1,614,199 shares of the company's stock, valued at $19,773,937.75. The trade was a 7.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,051 shares of company stock valued at $2,285,618. Company insiders own 14.68% of the company's stock.

Hedge Funds Weigh In On Spire Global

Several hedge funds have recently bought and sold shares of SPIR. 325 Capital LLC purchased a new position in Spire Global in the 1st quarter valued at approximately $15,169,000. Alyeska Investment Group L.P. purchased a new position in Spire Global in the 1st quarter valued at approximately $10,056,000. Granahan Investment Management LLC increased its stake in Spire Global by 803.6% in the 1st quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company's stock valued at $9,216,000 after purchasing an additional 1,013,106 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Spire Global by 538.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company's stock valued at $5,275,000 after purchasing an additional 549,972 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Spire Global in the 4th quarter valued at approximately $1,902,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.

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