Spire Global (NYSE:SPIR) Stock Rating Upgraded by Alliance Global Partners

Spire Global (NYSE:SPIR) was upgraded by equities researchers at Alliance Global Partners from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $15.00 price objective on the stock. Alliance Global Partners’ target price points to a potential upside of 54.75% from the company’s previous close.

SPIR has been the topic of several other research reports. Benchmark restated a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings downgraded shares of Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.90.

Spire Global Trading Down 5.6%

Shares of SPIR opened at $9.69 on Tuesday. Spire Global has a 1 year low of $6.60 and a 1 year high of $25.93. The stock has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $15.39. The stock has a market cap of $379.19 million, a PE ratio of -3.63 and a beta of 2.81.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). The company had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.53 million. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, sell-side analysts forecast that Spire Global will post -1.50 EPS for the current fiscal year.

Insider Buying and Selling at Spire Global

In other Spire Global news, Chairman Peter Platzer sold 17,954 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $11.02, for a total value of $197,853.08. Following the completion of the transaction, the chairman directly owned 1,455,514 shares of the company’s stock, valued at approximately $16,039,764.28. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Perez Pelez sold 4,484 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $63,179.56. Following the completion of the transaction, the chief operating officer owned 258,632 shares in the company, valued at $3,644,124.88. The trade was a 1.70% decrease in their ownership of the stock. 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 have sold 75,301 shares of company stock worth $1,005,333 over the last quarter. Corporate insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

A number of large investors have recently bought and sold shares of SPIR. Integrated Wealth Concepts LLC bought a new stake in shares of Spire Global during the second quarter worth $184,000. Granite Investment Partners LLC acquired a new position in Spire Global in the 1st quarter worth $129,000. Parvin Asset Management LLC increased its holdings in Spire Global by 11.4% during the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares in the last quarter. ARS Investment Partners LLC increased its holdings in Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after purchasing an additional 785 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after purchasing an additional 16,227 shares during the period. 19.97% of the stock is owned by institutional investors.

Spire Global Company Profile

Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.

Spire’s products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.