Spire Global (NYSE:SPIR) Given New $16.00 Price Target at Robert W. Baird

Spire Global (NYSE:SPIR - Free Report) had its price target hoisted by Robert W. Baird from $9.00 to $16.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Craig Hallum upgraded shares of Spire Global from a "hold" rating to a "buy" rating and raised their price target for the stock from $8.00 to $20.00 in a report on Thursday. Canaccord Genuity Group restated a "buy" rating and set a $12.00 price target (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Raymond James reaffirmed a "market perform" rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Baird R W cut shares of Spire Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.40.

Spire Global Trading Up 0.3 %

Shares of NYSE SPIR traded up $0.04 during midday trading on Thursday, reaching $13.49. 905,321 shares of the stock were exchanged, compared to its average volume of 417,834. The company has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $10.21. The stock has a market capitalization of $328.08 million, a P/E ratio of -4.16 and a beta of 1.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global has a twelve month low of $4.56 and a twelve month high of $19.40.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in Spire Global during the 1st quarter worth $27,000. nVerses Capital LLC acquired a new stake in Spire Global during the 2nd quarter worth $37,000. Quest Partners LLC raised its stake in Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company's stock worth $87,000 after acquiring an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Spire Global during the 2nd quarter worth $106,000. Finally, MetLife Investment Management LLC acquired a new stake in Spire Global during the 3rd quarter worth $136,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.