Spire Global, Inc. (NYSE:SPIR) Receives $13.33 Average Target Price from Analysts

Spire Global, Inc. (NYSE:SPIR) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.3333.

SPIR has been the subject of several recent analyst reports. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Canaccord Genuity Group increased their price target on shares of Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. HC Wainwright reissued a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st.

Spire Global Stock Performance

NYSE SPIR opened at $15.85 on Thursday. The business’s fifty day moving average is $10.93 and its 200 day moving average is $10.34. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $16.14. The company has a market capitalization of $531.01 million, a PE ratio of 10.03 and a beta of 2.23.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 58,428 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84. Following the sale, the chairman owned 1,693,603 shares of the company’s stock, valued at approximately $14,446,433.59. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Perez Celia Pelez sold 19,134 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $163,213.02. Following the transaction, the chief operating officer owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 122,276 shares of company stock worth $1,056,013 over the last ninety days. Company insiders own 14.68% of the company’s stock.

Institutional Trading of Spire Global

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AWM Investment Company Inc. increased its position in Spire Global by 1,044.0% during the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock worth $3,172,000 after purchasing an additional 243,246 shares during the period. Lane Generational LLC lifted its holdings in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after buying an additional 214,532 shares during the period. Geode Capital Management LLC lifted its holdings in Spire Global by 27.5% in the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock valued at $7,879,000 after acquiring an additional 142,987 shares during the period. Stifel Financial Corp grew its stake in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares during the period. Finally, DNB Asset Management AS purchased a new position in shares of Spire Global in the 4th quarter valued at about $933,000. Hedge funds and other 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.