Spire Global (NYSE:SPIR) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Spire Global (NYSE:SPIR) from a hold rating to a buy rating in a report released on Thursday morning, MarketBeat.com reports. Craig Hallum currently has $20.00 target price on the stock, up from their previous target price of $8.00.

SPIR has been the topic of a number of other research reports. Raymond James restated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 price target (down previously from $20.00) on shares of Spire Global in a research report 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. Finally, Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Up 1.0 %

SPIR stock opened at $13.48 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. Spire Global has a fifty-two week low of $4.56 and a fifty-two week high of $19.40. The stock has a market capitalization of $327.83 million, a price-to-earnings ratio of -3.87 and a beta of 1.96. The business’s fifty day moving average price is $10.02 and its two-hundred day moving average price is $10.25.

Institutional Trading of Spire Global

Hedge funds have recently made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Spire Global during the first quarter valued at about $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global during the second quarter valued at about $37,000. Quest Partners LLC boosted its stake in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Spire Global during the second quarter valued at about $106,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Spire Global during the third quarter valued at about $136,000. 19.97% of the stock is owned by institutional investors and hedge funds.

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.