Brokerages Set Spire Global, Inc. (NYSE:SPIR) Price Target at $13.67

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.67.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $12.00 target price (down previously from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Robert W. Baird restated a "neutral" rating and issued a $9.00 target price (down from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Craig Hallum downgraded Spire Global from a "buy" rating to a "hold" rating and dropped their price target for the stock from $13.00 to $8.00 in a research note on Thursday, August 15th. Raymond James restated a "market perform" rating on shares of Spire Global in a report on Wednesday, August 28th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Spire Global in a research report on Thursday, June 13th.

Spire Global Trading Down 0.4 %

SPIR stock traded down $0.04 during mid-day trading on Tuesday, reaching $9.40. The company's stock had a trading volume of 109,042 shares, compared to its average volume of 436,811. The company has a market cap of $228.59 million, a price-to-earnings ratio of -2.69 and a beta of 1.97. Spire Global has a 12 month low of $3.27 and a 12 month high of $19.40. The business's 50 day moving average price is $9.49 and its 200 day moving average price is $10.42. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Spire Global during the 2nd quarter worth approximately $106,000. Herald Investment Management Ltd boosted its position in Spire Global by 10.0% in the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company's stock worth $1,784,000 after purchasing an additional 15,000 shares during the last quarter. Rhumbline Advisers grew its stake in Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company's stock valued at $293,000 after purchasing an additional 25,905 shares during the period. nVerses Capital LLC purchased a new stake in shares of Spire Global during the 2nd quarter valued at $37,000. Finally, NewGen Asset Management Ltd raised its stake in shares of Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company's stock worth $4,390,000 after purchasing an additional 325,000 shares during the period. Institutional investors own 19.97% of the company's stock.

Spire Global Company 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.