Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.60.

A number of equities analysts have recently commented on SPIR shares. Baird R W downgraded shares of Spire Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 15th. Alliance Global Partners increased their target price on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Robert W. Baird boosted their price target on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Raymond James reaffirmed a "market perform" rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Craig Hallum raised shares of Spire Global from a "hold" rating to a "buy" rating and boosted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th.

Insider Activity at Spire Global

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares of the company's stock, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Platzer sold 50,238 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of the transaction, the chief executive officer now owns 1,891,703 shares in the company, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC lifted its stake in shares of Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock worth $124,000 after acquiring an additional 1,700 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Spire Global in the 1st quarter worth about $27,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Spire Global by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company's stock valued at $694,000 after purchasing an additional 3,072 shares in the last quarter. nVerses Capital LLC purchased a new position in Spire Global during the 2nd quarter worth $37,000. Finally, Quest Partners LLC grew its position in Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company's stock worth $87,000 after purchasing an additional 8,699 shares in the last quarter. Institutional investors own 19.97% of the company's stock.

Spire Global Price Performance

Shares of Spire Global stock traded up $0.12 during trading on Wednesday, reaching $16.13. The company's stock had a trading volume of 150,382 shares, compared to its average volume of 415,598. The business has a 50 day moving average price of $10.91 and a 200-day moving average price of $10.46. The company has a market capitalization of $392.28 million, a P/E ratio of -4.64 and a beta of 1.96. Spire Global has a 12-month low of $4.71 and a 12-month high of $19.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

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.