Shares of Spire Global, Inc. (NYSE:SPIR – Get Free Report) have received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.67.
Several analysts have recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research report 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 downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Craig Hallum lowered Spire Global from a “buy” rating to a “hold” rating and cut their price target for the stock from $13.00 to $8.00 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $12.00 price objective (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th.
Get Our Latest Research Report on Spire Global
Spire Global Stock Down 2.7 %
Hedge Funds Weigh In On Spire Global
Institutional investors and hedge funds have recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global during the 1st quarter valued at $27,000. nVerses Capital LLC purchased a new stake in Spire Global during the second quarter valued at 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 purchased a new position in shares of Spire Global in the first quarter worth about $176,000. Finally, Rhumbline Advisers raised its position in shares of Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after purchasing an additional 25,905 shares during the period. 19.97% of the stock is owned by institutional investors.
About Spire Global
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.
Featured Stories
- Five stocks we like better than Spire Global
- The Basics of Support and Resistance
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Domino’s Pizza Stock Delivers: A Hot Buy for Growth Investors
- The Risks of Owning Bonds
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
Receive News & Ratings for Spire Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Global and related companies with MarketBeat.com's FREE daily email newsletter.