Spire Global (NYSE:SPIR) Price Target Raised to $15.00 at Canaccord Genuity Group

Spire Global (NYSE:SPIR - Get Free Report) had its price target lifted by investment analysts at Canaccord Genuity Group from $11.50 to $15.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 42.87% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Alliance Global Partners raised 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 raised their target price on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and raised their target price for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Three equities research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $18.40.

Spire Global Stock Performance

Shares of NYSE:SPIR traded up $0.15 on Wednesday, hitting $10.50. The company's stock had a trading volume of 682,436 shares, compared to its average volume of 713,344. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market capitalization of $270.19 million, a price-to-earnings ratio of -3.02 and a beta of 2.34. The stock's 50-day moving average is $14.74 and its two-hundred day moving average is $12.42.

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Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 51,346 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $578,669.42. Following the transaction, the chairman now directly owns 1,840,357 shares of the company's stock, valued at $20,740,823.39. The trade was a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,457 shares of company stock worth $2,580,366. 17.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently bought and sold shares of SPIR. SBI Securities Co. Ltd. bought a new stake in Spire Global in the fourth quarter valued at about $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global during the fourth quarter valued at approximately $42,000. Quest Partners LLC boosted 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 during the last quarter. Sanctuary Advisors LLC lifted its position 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 valued at $124,000 after buying an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Spire Global in the fourth quarter valued at approximately $135,000. 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.