Van ECK Associates Corp Takes $172,000 Position in Spire Global, Inc. (NYSE:SPIR)

Van ECK Associates Corp acquired a new stake in Spire Global, Inc. (NYSE:SPIR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 17,196 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in Spire Global during the 1st quarter worth about $27,000. nVerses Capital LLC purchased a new position in shares of Spire Global in the 2nd quarter valued at about $37,000. Sanctuary Advisors LLC purchased a new position in shares of Spire Global in the 2nd quarter valued at about $106,000. Rhumbline Advisers increased its holdings in shares of Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after acquiring an additional 25,905 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Spire Global in the 3rd quarter valued at about $629,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

SPIR has been the subject of a number of recent research reports. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price objective (down from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Craig Hallum downgraded Spire Global from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $8.00 in a research report on Thursday, August 15th. Finally, Raymond James restated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Spire Global currently has a consensus rating of “Hold” and a consensus target price of $14.20.

Spire Global Stock Performance

Shares of Spire Global stock opened at $13.45 on Thursday. The business’s fifty day moving average price is $9.70 and its 200 day moving average price is $10.19. Spire Global, Inc. has a twelve month low of $4.56 and a twelve month 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.

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.