Analysts Set Spire Global, Inc. (NYSE:SPIR) Price Target at $13.67

Shares of Spire Global, Inc. (NYSE:SPIR) have received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.67.

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

Spire Global Stock Down 2.7 %

Shares of NYSE:SPIR opened at $9.01 on Tuesday. The business’s 50-day moving average is $9.31 and its 200-day moving average is $10.39. Spire Global has a 1 year low of $3.27 and a 1 year high of $19.40. The company has a market capitalization of $219.11 million, a price-to-earnings ratio of -2.58 and a beta of 1.97. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24.

Hedge Funds Weigh In On Spire Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global during the 1st quarter valued at $27,000. nVerses Capital LLC purchased a new stake in Spire Global during the second quarter valued at about $37,000. Sanctuary Advisors LLC bought a new position in Spire Global during the second quarter worth about $106,000. K.J. Harrison & Partners Inc purchased a new position in shares of Spire Global in the first quarter worth about $176,000. Finally, Rhumbline Advisers raised its position in shares of Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after purchasing an additional 25,905 shares during the period. 19.97% of the stock is owned by institutional investors.

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.