Spire Global, Inc. (NYSE:SPIR) Given Consensus Rating of "Hold" by Analysts

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.67.

A number of research firms recently commented on SPIR. Baird R W downgraded shares of Spire Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $12.00 target price (down from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Raymond James reiterated a "market perform" rating on shares of Spire Global in a research report on Wednesday, August 28th. Robert W. Baird restated a "neutral" rating and set a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Finally, Craig Hallum cut shares of Spire Global from a "buy" rating to a "hold" rating and decreased their target price for the stock from $13.00 to $8.00 in a report on Thursday, August 15th.

Institutional Trading of Spire Global

A number of hedge funds have recently made changes to their positions in SPIR. Pathway Financial Advisers LLC acquired a new position in Spire Global in the 1st quarter valued at approximately $27,000. nVerses Capital LLC acquired a new position in shares of Spire Global in the second quarter worth $37,000. Sanctuary Advisors LLC purchased a new stake in shares of Spire Global during the second quarter worth $106,000. Van ECK Associates Corp acquired a new stake in Spire Global during the third quarter valued at $172,000. Finally, Rhumbline Advisers grew its stake in Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company's stock valued at $293,000 after purchasing an additional 25,905 shares in the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Price Performance

NYSE:SPIR traded up $0.80 during mid-day trading on Friday, reaching $10.70. 263,395 shares of the stock were exchanged, compared to its average volume of 412,597. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average price of $9.32 and a 200 day moving average price of $10.13. Spire Global has a 1-year low of $3.61 and a 1-year high of $19.40. The firm has a market capitalization of $260.22 million, a PE ratio of -3.07 and a beta of 1.97.

About Spire Global

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.