Spire Global (NYSE:SPIR) Trading 9% Higher – Should You Buy?

Spire Global, Inc. (NYSE:SPIR)’s share price rose 9% during mid-day trading on Thursday . The company traded as high as $17.78 and last traded at $17.8370. Approximately 138,071 shares were traded during trading, a decline of 89% from the average daily volume of 1,299,296 shares. The stock had previously closed at $16.37.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPIR shares. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $24.00 price target on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and an average target price of $16.70.

Spire Global Trading Up 17.4%

The stock has a market capitalization of $743.97 million, a PE ratio of 12.19 and a beta of 2.48. The firm has a 50 day moving average of $18.72 and a two-hundred day moving average of $13.01.

Spire Global (NYSE:SPIR) last released its quarterly earnings data 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. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. Equities research analysts forecast that Spire Global, Inc. will post -1.35 EPS for the current year.

Insider Transactions at Spire Global

In related news, COO Perez Celia Pelez sold 4,660 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value 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 $5,017,622.12. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 24,644 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $469,961.08. Following the completion of the transaction, the chief executive officer directly owned 963,670 shares of the company’s stock, valued at $18,377,186.90. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 58,299 shares of company stock worth $1,091,038 over the last ninety days. 13.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Spire Global

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new position in Spire Global during the second quarter worth $25,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global in the third quarter worth $25,000. BNP Paribas Financial Markets raised its holdings in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Spire Global by 71.2% in 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 acquired a new position in shares of Spire Global in the fourth quarter worth $44,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.