Spire Global (NYSE:SPIR - Free Report) had its price objective upped by Robert W. Baird from $6.00 to $11.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.
A number of other research firms have also weighed in on SPIR. Canaccord Genuity Group raised their price target on shares of Spire Global from $18.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Alliance Global Partners upped their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and lifted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.80.
View Our Latest Report on Spire Global
Spire Global Price Performance
NYSE SPIR traded down $0.66 on Wednesday, reaching $11.01. The company had a trading volume of 839,706 shares, compared to its average volume of 840,801. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The firm has a 50-day moving average of $15.30 and a 200-day moving average of $12.33. The firm has a market capitalization of $267.64 million, a PE ratio of -3.16 and a beta of 2.27.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SPIR. SBI Securities Co. Ltd. purchased a new position in Spire Global during the 4th quarter valued at about $37,000. BNP Paribas Financial Markets acquired a new stake in shares of Spire Global during the fourth quarter worth approximately $42,000. Quest Partners LLC grew its position in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company's stock valued at $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after buying an additional 1,700 shares during the period. Finally, Promus Capital LLC purchased a new stake in Spire Global in the 4th quarter worth approximately $135,000. 19.97% of the stock is owned by hedge funds and other institutional investors.
Spire Global Company Profile
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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.
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