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

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.20.

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Robert W. Baird upped their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus dropped their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st.

Insider Transactions at Spire Global

In other Spire Global news, Director Stephen Messer sold 16,660 shares of Spire Global stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $10.85, for a total transaction of $180,761.00. Following the transaction, the director now directly owns 82,062 shares of the company's stock, valued at $890,372.70. The trade was a 16.88% 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. Also, Chairman Peter Platzer sold 27,293 shares of Spire Global stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the transaction, the chairman now directly owns 1,588,609 shares in the company, valued at $14,742,291.52. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.68% of the company's stock.

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Spire Global in the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets acquired a new position in shares of Spire Global in the fourth quarter valued at approximately $42,000. Murchinson Ltd. acquired a new position in Spire Global during the 1st quarter worth approximately $81,000. Johnson Investment Counsel Inc. acquired a new position in Spire Global during the 1st quarter worth approximately $99,000. Finally, Deutsche Bank AG grew its holdings in Spire Global by 22.0% during the 1st quarter. Deutsche Bank AG now owns 14,143 shares of the company's stock worth $114,000 after acquiring an additional 2,554 shares in the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Price Performance

NYSE:SPIR traded up $0.03 during midday trading on Friday, hitting $10.14. The company's stock had a trading volume of 486,660 shares, compared to its average volume of 510,993. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm's 50 day moving average is $10.27 and its 200-day moving average is $12.08. The firm has a market cap of $315.03 million, a P/E ratio of -2.91 and a beta of 2.38.

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.