Analysts Set Spire Global, Inc. (NYSE:SPIR) Target Price at $19.60

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.80.

SPIR has been the subject of several recent analyst reports. Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and raised their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners raised their target price on Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Robert W. Baird raised their target price on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their target price on Spire Global from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday.

Spire Global Trading Up 13.0 %

Shares of NYSE SPIR traded up $1.32 during mid-day trading on Monday, reaching $11.44. The company had a trading volume of 1,809,330 shares, compared to its average volume of 701,919. The stock has a market cap of $278.10 million, a PE ratio of -3.29 and a beta of 2.27. The company has a 50-day moving average price of $15.63 and a two-hundred day moving average price of $12.37. Spire Global has a 1-year low of $6.26 and a 1-year high of $21.43.

Insider Activity at Spire Global

In other Spire Global news, CEO Peter Platzer sold 50,238 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $742,015.26. Following the completion of the sale, the chief executive officer now owns 1,891,703 shares of the company's stock, valued at $27,940,453.31. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Theresa Condor sold 17,592 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the sale, the chief operating officer now directly owns 377,152 shares of the company's stock, valued at $5,570,535.04. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,481 shares of company stock valued at $1,380,714. Insiders own 17.11% of the company's stock.

Institutional Trading of Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in SPIR. SBI Securities Co. Ltd. bought a new position in shares of Spire Global in the fourth quarter worth about $37,000. Quest Partners LLC increased its stake in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company's stock worth $87,000 after purchasing an additional 8,699 shares during the period. Promus Capital LLC bought a new position in shares of Spire Global in the fourth quarter worth about $135,000. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 597 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Spire Global by 50.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company's stock worth $148,000 after purchasing an additional 3,553 shares during the period. 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.