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

Spire Global, Inc. (NYSE:SPIR) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.67.

A number of analysts recently commented on SPIR shares. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 price target (down from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Raymond James restated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Craig Hallum cut shares of Spire Global from a “buy” rating to a “hold” rating and dropped their target price for the company from $13.00 to $8.00 in a research note on Thursday, August 15th. Finally, Robert W. Baird restated a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th.

Institutional Investors Weigh In On Spire Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC bought a new position in shares of Spire Global in the first quarter worth $27,000. nVerses Capital LLC purchased a new position in Spire Global during the second quarter worth about $37,000. Sanctuary Advisors LLC bought a new position in Spire Global in the 2nd quarter worth about $106,000. Herald Investment Management Ltd raised its holdings in shares of Spire Global by 10.0% in the 2nd quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock valued at $1,784,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Spire Global in the 3rd quarter valued at about $172,000. 19.97% of the stock is currently owned by institutional investors.

Spire Global Price Performance

Spire Global stock opened at $11.42 on Friday. Spire Global has a 52 week low of $3.94 and a 52 week high of $19.40. The company’s 50 day moving average price is $9.49 and its two-hundred day moving average price is $10.15. The stock has a market cap of $277.73 million, a P/E ratio of -3.28 and a beta of 1.96. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

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.