Analysts Set Spire Global, Inc. (NYSE:SPIR) Price Target at $19.60

Spire Global, Inc. (NYSE:SPIR) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.60.

A number of analysts recently issued reports on the company. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Robert W. Baird upped their price target on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Alliance Global Partners raised their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their price objective on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Insider Transactions at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 12,373 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $182,749.21. Following the sale, the chief accounting officer now owns 311,608 shares in the company, valued at $4,602,450.16. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $259,833.84. Following the sale, the chief operating officer now directly owns 377,152 shares of the company’s stock, 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. Over the last 90 days, insiders sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPIR. Geode Capital Management LLC lifted its holdings in shares of Spire Global by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after acquiring an additional 41,612 shares during the last quarter. State Street Corp lifted its stake in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after purchasing an additional 148,803 shares during the last quarter. NewGen Asset Management Ltd boosted its position in Spire Global by 406.3% during the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after buying an additional 325,000 shares during the period. Stifel Financial Corp grew its stake in shares of Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after buying an additional 76,119 shares during the last quarter. Finally, Herald Investment Management Ltd increased its holdings in shares of Spire Global by 10.0% in the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock worth $1,784,000 after buying an additional 15,000 shares during the period. 19.97% of the stock is currently owned by institutional investors.

Spire Global Trading Up 4.3 %

NYSE:SPIR opened at $14.94 on Friday. Spire Global has a 1 year low of $6.26 and a 1 year high of $19.40. The stock’s fifty day moving average price is $12.89 and its two-hundred day moving average price is $11.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $363.31 million, a P/E ratio of -4.29 and a beta of 2.22.

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.