Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.67.

Several equities research analysts recently issued reports on SPIR shares. Alliance Global Partners reissued a “buy” rating on shares of Spire Global in a research note on Thursday, June 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $9.00 price target (down from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Raymond James reiterated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus reduced their price target on Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 16th.

Institutional Trading of Spire Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in shares of Spire Global during the 1st quarter worth about $27,000. nVerses Capital LLC acquired a new position in Spire Global in the second quarter worth about $37,000. Sanctuary Advisors LLC bought a new position in Spire Global during the second quarter worth about $106,000. K.J. Harrison & Partners Inc acquired a new stake in Spire Global during the first quarter valued at approximately $176,000. Finally, Jump Financial LLC bought a new stake in shares of Spire Global in the 4th quarter valued at approximately $167,000. 19.97% of the stock is currently owned by institutional investors.

Spire Global Stock Down 3.8 %

Shares of Spire Global stock opened at $8.57 on Friday. The stock has a 50-day moving average price of $10.49 and a 200 day moving average price of $10.76. The company has a market cap of $208.41 million, a P/E ratio of -2.46 and a beta of 1.97. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global has a 1 year low of $3.27 and a 1 year high of $19.40.

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.