Spire Global (NYSE:SPIR - Get Free Report) had its price objective lowered by research analysts at Canaccord Genuity Group from $15.00 to $14.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 70.69% from the company's current price.
A number of other research analysts have also recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Alliance Global Partners raised their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Craig Hallum raised shares of Spire Global from a "hold" rating to a "buy" rating and raised their price objective for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Spire Global presently has an average rating of "Moderate Buy" and an average price target of $18.30.
Read Our Latest Research Report on Spire Global
Spire Global Price Performance
Shares of SPIR stock traded down $0.62 during midday trading on Friday, reaching $8.50. 549,767 shares of the company traded hands, compared to its average volume of 510,495. The firm's 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $12.55. Spire Global has a 1-year low of $6.26 and a 1-year high of $21.43. The firm has a market cap of $218.62 million, a PE ratio of -2.44 and a beta of 2.34.
Insiders Place Their Bets
In other news, Chairman Peter Platzer sold 145,600 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total transaction of $1,511,328.00. Following the completion of the sale, the chairman now directly owns 1,694,757 shares of the company's stock, valued at $17,591,577.66. The trade was a 7.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Boyd C. Johnson sold 11,304 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,457 shares of company stock valued at $2,580,366. Company insiders own 17.11% of the company's stock.
Institutional Trading of Spire Global
Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Spire Global during the 4th quarter valued at $37,000. BNP Paribas Financial Markets acquired a new position in shares of Spire Global during the 4th quarter valued at $42,000. Quest Partners LLC lifted its holdings in shares of Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company's stock valued at $87,000 after acquiring an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in shares of Spire Global during the 4th quarter valued at $135,000. 19.97% of the stock is owned by hedge funds and other institutional investors.
Spire Global Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Spire Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire Global wasn't on the list.
While Spire Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
