Spire Global (NYSE:SPIR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Spire Global from “strong sell” to “sell,” but broader analyst sentiment remains more favorable, with a “Moderate Buy” consensus and an average price target of $16.70.
• Spire Global’s latest quarter fell short of expectations, reporting an adjusted loss of $0.31 per share versus the $0.26 estimate and revenue of $18.05 million versus $18.53 million expected.
• The stock opened at $13.98, compared with a 52-week range of $6.60 to $25.93; insiders have sold nearly $1 million in shares over the past 90 days, while institutional ownership stands at 19.97%.

Spire Global (NYSE:SPIR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on SPIR. Alliance Global Partners reissued a "neutral" rating on shares of Spire Global in a research report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the stock a "buy" rating in a research report on Thursday, May 14th. Benchmark reaffirmed a "buy" rating on shares of Spire Global in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Spire Global from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday. Finally, Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the company a "buy" rating in a research note on Thursday, June 4th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.70.

Spire Global Stock Performance

Shares of Spire Global stock opened at $13.98 on Friday. Spire Global has a one year low of $6.60 and a one year high of $25.93. The company has a market cap of $541.28 million, a price-to-earnings ratio of -5.24 and a beta of 2.55. The business's 50 day moving average price is $15.07 and its 200 day moving average price is $14.88.

Spire Global (NYSE:SPIR - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 57.86%. The company had revenue of $18.05 million during the quarter, compared to analysts' expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. On average, analysts predict that Spire Global will post -1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Johann Gabriel Oehme sold 3,107 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the transaction, the chief technology officer directly owned 218,096 shares in the company, valued at approximately $4,159,090.72. This represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Alison K. Engel sold 12,702 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $242,354.16. Following the transaction, the chief financial officer directly owned 265,838 shares of the company's stock, valued at $5,072,189.04. The trade was a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 52,297 shares of company stock worth $997,503. Insiders own 13.04% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SPIR. AWM Investment Company Inc. acquired a new stake in shares of Spire Global in the second quarter valued at $7,692,000. Lane Generational LLC lifted its stake in Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company's stock worth $5,589,000 after acquiring an additional 214,532 shares in the last quarter. Stifel Financial Corp lifted its stake in Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company's stock worth $3,934,000 after acquiring an additional 129,990 shares in the last quarter. DNB Asset Management AS purchased a new position in Spire Global during the 4th quarter valued at about $933,000. Finally, Raymond James Financial Inc. boosted its holdings in Spire Global by 210.0% during the 2nd quarter. Raymond James Financial Inc. now owns 171,956 shares of the company's stock valued at $2,046,000 after acquiring an additional 116,488 shares during the period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Company Profile

Spire Global NYSE: SPIR is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth's atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company's core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.

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