DNB Asset Management AS Buys 57,137 Shares of Spire Global, Inc. (NYSE:SPIR)

DNB Asset Management AS increased its holdings in Spire Global, Inc. (NYSE:SPIR) by 117.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,745 shares of the company’s stock after purchasing an additional 57,137 shares during the quarter. DNB Asset Management AS’s holdings in Spire Global were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in shares of Spire Global in the first quarter worth about $27,000. Jump Financial LLC bought a new stake in Spire Global during the 4th quarter valued at approximately $167,000. Russell Investments Group Ltd. bought a new stake in Spire Global during the 4th quarter valued at approximately $171,000. K.J. Harrison & Partners Inc bought a new stake in Spire Global during the 1st quarter valued at approximately $176,000. Finally, CVI Holdings LLC bought a new stake in Spire Global during the 1st quarter valued at approximately $3,131,000. 19.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPIR shares. Craig Hallum started coverage on shares of Spire Global in a report on Wednesday, June 5th. They set a “buy” rating and a $13.00 target price for the company. Alliance Global Partners reiterated a “buy” rating on shares of Spire Global in a report on Thursday, June 13th. Robert W. Baird lowered their target price on shares of Spire Global from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Canaccord Genuity Group lowered their target price on shares of Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Stifel Nicolaus lowered their target price on shares of Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.83.

Spire Global Stock Up 2.1 %

NYSE SPIR traded up $0.23 during mid-day trading on Wednesday, reaching $11.28. The stock had a trading volume of 26,896 shares, compared to its average volume of 434,437. Spire Global, Inc. has a 1 year low of $3.27 and a 1 year high of $19.40. The stock has a market cap of $274.31 million, a PE ratio of -3.18 and a beta of 2.01. The company has a fifty day moving average price of $11.28 and a 200 day moving average price of $10.87. 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 (NYSE:SPIR) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). The firm had revenue of $25.69 million during the quarter, compared to analysts’ expectations of $28.08 million. Spire Global had a negative return on equity of 66.19% and a negative net margin of 66.72%. On average, research analysts expect that Spire Global, Inc. will post -1.69 earnings per share for the current year.

Spire Global Profile

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.