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

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.20.

Several research firms have recently issued reports on SPIR. Canaccord Genuity Group raised their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Stifel Nicolaus lowered 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. Finally, Robert W. Baird lifted their target price on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th.

Spire Global Stock Down 5.3%

Shares of SPIR stock traded down $0.61 during trading hours on Friday, hitting $10.91. 631,025 shares of the company's stock traded hands, compared to its average volume of 507,169. The stock's 50 day simple moving average is $10.21 and its 200 day simple moving average is $12.17. The stock has a market cap of $338.93 million, a PE ratio of -3.13 and a beta of 2.38. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43.

Insider Buying and Selling

In other Spire Global news, Chairman Peter Platzer sold 27,564 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total value of $236,223.48. Following the completion of the sale, the chairman now directly owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Messer sold 16,660 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 71,517 shares of company stock valued at $670,264 over the last quarter. Insiders own 14.68% of the company's stock.

Institutional Investors Weigh In On Spire Global

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after purchasing an additional 597 shares during the period. Two Sigma Investments LP grew its holdings in shares of Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock valued at $535,000 after buying an additional 1,550 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Spire Global by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company's stock valued at $427,000 after buying an additional 1,712 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Spire Global by 6.9% during the first quarter. Rhumbline Advisers now owns 32,075 shares of the company's stock valued at $259,000 after buying an additional 2,068 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Spire Global by 22.0% during the first quarter. Deutsche Bank AG now owns 14,143 shares of the company's stock valued at $114,000 after buying an additional 2,554 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.