Spire Global (NYSE:SPIR) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Spire Global (NYSE:SPIR) from a sell rating to a strong sell rating in a research note published on Saturday.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, June 4th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.70.

Spire Global Trading Up 0.1%

Shares of SPIR stock opened at $12.16 on Friday. The company’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $14.55. Spire Global has a 52 week low of $6.60 and a 52 week high of $25.93. The company has a market cap of $470.75 million, a PE ratio of 7.75 and a beta of 2.51.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.01. The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Equities research analysts expect that Spire Global will post -1.35 EPS for the current fiscal year.

Insider Buying and Selling at Spire Global

In other Spire Global news, Chairman Peter Platzer sold 7,184 shares of Spire Global stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the transaction, the chairman owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Celia Pelez sold 4,660 shares of Spire Global stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $88,866.20. Following the completion of the transaction, the chief operating officer directly owned 263,116 shares of the company’s stock, valued at approximately $5,017,622.12. This represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 55,297 shares of company stock worth $1,052,433. 13.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. bought a new position in shares of Spire Global during the second quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Spire Global in the 4th quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC boosted its position in Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.