Spire Global, Inc. (NYSE:SPIR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.60.

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

Spire Global Trading Down 2.9 %

NYSE SPIR opened at $14.51 on Friday. The firm has a market capitalization of $352.85 million, a PE ratio of -4.17 and a beta of 2.22. The stock’s 50 day moving average is $12.99 and its 200 day moving average is $11.22. Spire Global has a twelve month low of $6.26 and a twelve month high of $19.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

Insiders Place Their Bets

In other news, COO Theresa Condor sold 17,592 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $742,015.26. Following the sale, the chief executive officer now directly owns 1,891,703 shares in the company, valued at $27,940,453.31. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,481 shares of company stock valued at $1,380,714. Insiders own 17.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in 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 purchasing an additional 41,612 shares during the period. State Street Corp grew its holdings in shares of 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 acquiring an additional 148,803 shares during the period. NewGen Asset Management Ltd increased 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 acquiring an additional 325,000 shares during the last quarter. Stifel Financial Corp lifted its holdings in Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after acquiring an additional 76,119 shares during the period. Finally, Herald Investment Management Ltd boosted its position in 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 purchasing an additional 15,000 shares during the last quarter. 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.