Spire Global, Inc. (NYSE:SPIR) Receives $18.20 Consensus PT from Analysts

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.20.

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Canaccord Genuity Group increased their price objective on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird lifted 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.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 145,600 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the completion of the transaction, the chairman now owns 1,694,757 shares in the company, valued at $17,591,577.66. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 200,457 shares of company stock valued at $2,000,831. 17.11% of the stock is owned by corporate insiders.

Institutional Trading of Spire Global

A number of hedge funds and other institutional investors have recently made changes to their positions in SPIR. 325 Capital LLC purchased a new position in Spire Global during the 1st quarter worth approximately $15,169,000. Alyeska Investment Group L.P. acquired a new stake in shares of Spire Global in the first quarter valued at approximately $10,056,000. Granahan Investment Management LLC grew its position in shares of Spire Global by 803.6% during the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company's stock worth $9,216,000 after acquiring an additional 1,013,106 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of 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 acquiring an additional 549,972 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Spire Global in the 4th quarter valued at $1,902,000. Institutional investors and hedge funds own 19.97% of the company's stock.

Spire Global Trading Down 5.5%

SPIR traded down $0.62 on Wednesday, hitting $10.67. 461,655 shares of the company were exchanged, compared to its average volume of 489,659. The firm has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $12.47. Spire Global has a twelve month low of $6.26 and a twelve month high of $21.43. The company has a market cap of $331.59 million, a price-to-earnings ratio of -3.07 and a beta of 2.39.

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.