Spire Global, Inc. (NYSE:SPIR) Receives $19.60 Average PT from Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.60.

SPIR has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird boosted their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Alliance Global Partners upped their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Spire Global Stock Up 1.1 %

SPIR opened at $16.34 on Wednesday. The company has a market cap of $397.39 million, a P/E ratio of -4.70 and a beta of 1.96. Spire Global has a 12 month low of $4.71 and a 12 month high of $19.40. The business’s 50-day moving average price is $11.25 and its 200-day moving average price is $10.56. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Insider Activity at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the completion of the transaction, the chief accounting officer now owns 311,608 shares in the company, valued at approximately $4,602,450.16. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Theresa Condor sold 17,592 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the sale, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,481 shares of company stock worth $1,380,714 over the last quarter. Corporate insiders own 17.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPIR. Vanguard Group Inc. raised its stake in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after buying an additional 144,047 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Spire Global by 225.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock worth $853,000 after purchasing an additional 49,258 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Spire Global in the 3rd quarter worth about $629,000. NewGen Asset Management Ltd grew its position in Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after purchasing an additional 325,000 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in Spire Global by 117.5% during the 2nd quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after purchasing an additional 57,137 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors.

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.