Robert W. Baird Boosts Spire Global (NYSE:SPIR) Price Target to $11.00

Spire Global (NYSE:SPIR - Free Report) had its price target raised by Robert W. Baird from $6.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on SPIR. Alliance Global Partners upped their target price on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on Spire Global from $18.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and upped their target price for the company from $8.00 to $20.00 in a 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.80.

Spire Global Stock Down 5.6 %

Shares of SPIR traded down $0.66 during trading hours on Wednesday, reaching $11.01. The company's stock had a trading volume of 839,236 shares, compared to its average volume of 731,332. The firm has a market cap of $267.64 million, a price-to-earnings ratio of -3.16 and a beta of 2.27. Spire Global has a 1-year low of $6.26 and a 1-year high of $21.43. The company has a 50 day moving average of $15.35 and a two-hundred day moving average of $12.32.

Hedge Funds Weigh In On Spire Global

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after buying an additional 597 shares during the last quarter. Two Sigma Investments LP grew its holdings in Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock valued at $535,000 after purchasing an additional 1,550 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after purchasing an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock valued at $718,000 after purchasing an additional 2,441 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Spire Global during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds 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.