Spire Global (NYSE:SPIR) Updates Q1 2025 Earnings Guidance

Spire Global (NYSE:SPIR - Get Free Report) updated its first quarter 2025 earnings guidance on Monday. The company provided EPS guidance of -0.650--0.630 for the period, compared to the consensus EPS estimate of -0.460. The company issued revenue guidance of $22.0 million-$24.0 million, compared to the consensus revenue estimate of $28.3 million.

Wall Street Analyst Weigh In

Several research firms have issued reports on SPIR. Stifel Nicolaus dropped their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday. Canaccord Genuity Group cut their target price on Spire Global from $15.00 to $14.50 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, Robert W. Baird reduced their target price on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Spire Global currently has an average rating of "Moderate Buy" and an average price target of $17.50.

Spire Global Stock Down 0.9 %

Shares of SPIR traded down $0.07 during mid-day trading on Friday, reaching $7.54. The company's stock had a trading volume of 740,294 shares, compared to its average volume of 454,994. The company has a market cap of $194.14 million, a price-to-earnings ratio of -2.17 and a beta of 2.34. The business has a fifty day moving average of $12.24 and a 200 day moving average of $12.49. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43.

Insiders Place Their Bets

In related news, Chairman Peter Platzer sold 51,346 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the completion of the sale, the chairman now directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction 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 directly owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,021 shares of company stock worth $2,816,590. 17.11% of the stock is currently owned by company insiders.

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.