Robert W. Baird Increases Spire Global (NYSE:SPIR) Price Target to $11.00

Spire Global (NYSE:SPIR) had its target price lifted by equities researchers at Robert W. Baird from $6.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential downside of 5.78% from the company’s current price.

Several other analysts also recently commented on SPIR. Canaccord Genuity Group increased their price objective on Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Alliance Global Partners increased their price objective on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Spire Global Stock Performance

Shares of NYSE:SPIR opened at $11.68 on Wednesday. The business’s 50 day simple moving average is $15.35 and its two-hundred day simple moving average is $12.32. The firm has a market cap of $283.94 million, a P/E ratio of -3.35 and a beta of 2.27. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after acquiring an additional 64,632 shares in the last quarter. Geode Capital Management LLC boosted its position in Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock valued at $7,172,000 after acquiring an additional 3,551 shares in the last quarter. State Street Corp boosted its position in shares of Spire Global by 53.1% in the 3rd 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 in the last quarter. Stifel Financial Corp boosted its position in shares of Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.