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 given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four 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 $17.80.

SPIR has been the topic of several recent research reports. Robert W. Baird lowered their target price on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Canaccord Genuity Group boosted 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. Finally, Stifel Nicolaus reduced their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st.

Insider Buying and Selling

In other news, CAO Boyd C. Johnson sold 11,304 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the completion of the sale, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Peter Platzer sold 27,564 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total transaction of $236,223.48. Following the transaction, the chairman now owns 1,615,902 shares of the company's stock, valued at approximately $13,848,280.14. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 295,314 shares of company stock valued at $3,069,869. 17.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock worth $4,284,000 after acquiring an additional 148,803 shares during the last quarter. Jane Street Group LLC raised its position in shares of Spire Global by 96.4% during the third quarter. Jane Street Group LLC now owns 55,440 shares of the company's stock valued at $554,000 after buying an additional 27,219 shares during the last quarter. Barclays PLC increased its position in shares of Spire Global by 321.5% during the 3rd quarter. Barclays PLC now owns 31,875 shares of the company's stock valued at $318,000 after purchasing an additional 24,312 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after purchasing an additional 41,612 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock worth $124,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 19.97% of the company's stock.

Spire Global Trading Up 1.2 %

Shares of SPIR traded up $0.11 during mid-day trading on Friday, hitting $9.50. The company's stock had a trading volume of 130,923 shares, compared to its average volume of 485,052. The company's 50-day moving average is $9.35 and its 200-day moving average is $12.36. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43. The firm has a market capitalization of $294.28 million, a price-to-earnings ratio of -2.76 and a beta of 2.42.

Spire Global Company Profile

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.