Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of “Buy” from Brokerages

Spire Global, Inc. (NYSE:SPIR) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.83.

Several equities research analysts recently commented on the stock. Craig Hallum began coverage on shares of Spire Global in a research report on Wednesday, June 5th. They set a “buy” rating and a $13.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Canaccord Genuity Group lowered their price target on shares of Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Alliance Global Partners restated a “buy” rating on shares of Spire Global in a report on Thursday, June 13th. Finally, Robert W. Baird lowered their price target on shares of Spire Global from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, May 16th.

Spire Global Trading Up 0.4 %

SPIR opened at $10.84 on Friday. The company’s 50 day moving average is $10.06 and its 200-day moving average is $9.86. Spire Global has a 1-year low of $3.27 and a 1-year high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The company has a market cap of $263.63 million, a P/E ratio of -3.11 and a beta of 1.97.

Spire Global (NYSE:SPIR) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). Spire Global had a negative net margin of 66.72% and a negative return on equity of 66.19%. The company had revenue of $25.69 million during the quarter, compared to analyst estimates of $28.08 million. Equities research analysts predict that Spire Global will post -1.69 earnings per share for the current fiscal year.

Institutional Trading of Spire Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new stake in Spire Global during the 1st quarter valued at $27,000. DNB Asset Management AS boosted its holdings in Spire Global by 5.4% during the 4th quarter. DNB Asset Management AS now owns 90,553 shares of the company’s stock worth $707,000 after acquiring an additional 4,680 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in Spire Global during the 1st quarter worth $176,000. Jump Financial LLC purchased a new position in Spire Global during the 4th quarter worth $167,000. Finally, Russell Investments Group Ltd. purchased a new position in Spire Global during the 4th quarter worth $171,000. Institutional investors own 19.97% of the company’s stock.

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.