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

Key Points

• Spire Global, Inc. has received a consensus rating of "Moderate Buy" from six analysts, which includes four buy ratings, one hold rating, and one sell rating.
• The average twelve-month price target for Spire Global's stock is set at $18.20, indicating potential upside from the current trading price.
• Insiders, including Chairman Peter Platzer, have recently sold shares, with Platzer selling 20,799 shares at an average price of $10.92, decreasing his ownership by 1.29%.

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.20.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Spire Global in a report on Wednesday, October 8th.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 20,799 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $10.92, for a total value of $227,125.08. Following the completion of the sale, the chairman directly owned 1,593,400 shares of the company's stock, valued at approximately $17,399,928. This represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 bought and sold shares of SPIR. 325 Capital LLC acquired a new stake in Spire Global in the 1st quarter valued at about $15,169,000. Alyeska Investment Group L.P. acquired a new stake in Spire Global in the 1st quarter valued at about $10,056,000. Granahan Investment Management LLC lifted its stake in Spire Global by 803.6% during the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company's stock valued at $9,216,000 after buying an additional 1,013,106 shares in the last quarter. AWM Investment Company Inc. lifted its stake in Spire Global by 1,044.0% during the second quarter. AWM Investment Company Inc. now owns 266,545 shares of the company's stock valued at $3,172,000 after buying an additional 243,246 shares in the last quarter. Finally, Herald Investment Management Ltd lifted its stake in Spire Global by 67.9% during the second quarter. Herald Investment Management Ltd now owns 386,249 shares of the company's stock valued at $4,596,000 after buying an additional 156,249 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Stock Down 0.6%

Shares of SPIR opened at $11.90 on Friday. The firm has a 50-day moving average price of $10.60 and a 200 day moving average price of $10.46. The firm has a market capitalization of $369.82 million, a PE ratio of -3.42 and a beta of 2.41. Spire Global has a 52-week low of $6.85 and a 52-week high of $21.43.

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.

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