Spire Global (NYSE:SPIR) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Spire Global (NYSE:SPIR) from a strong sell rating to a sell rating in a research report released on Saturday morning.

Several other equities research analysts have also commented on the company. Benchmark restated a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings lowered shares of Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $24.00 price objective on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.70.

Spire Global Trading Up 0.3%

SPIR opened at $13.98 on Friday. Spire Global has a 12-month low of $6.60 and a 12-month high of $25.93. The firm has a 50 day moving average of $15.07 and a two-hundred day moving average of $14.88. The firm has a market capitalization of $541.28 million, a PE ratio of -5.24 and a beta of 2.55.

Spire Global (NYSE:SPIR) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 57.86%. The business had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. As a group, analysts predict that Spire Global will post -1.35 EPS for the current fiscal year.

Insider Activity at Spire Global

In other news, CFO Alison K. Engel sold 12,702 shares of Spire Global stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $242,354.16. Following the sale, the chief financial officer owned 265,838 shares in the company, valued at $5,072,189.04. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $88,866.20. Following the sale, the chief operating officer directly owned 263,116 shares of the company’s stock, valued at $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. Insiders sold a total of 52,297 shares of company stock valued at $997,503 in the last three months. Company insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in Spire Global in the 2nd quarter valued at $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global during the third quarter worth $25,000. BNP Paribas Financial Markets grew its holdings in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after acquiring an additional 1,699 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in Spire Global in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

About Spire Global

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.