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

Spire Global (NYSE:SPIR) had its price target boosted by research analysts at Canaccord Genuity Group from $11.50 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 44.48% from the company’s current price.

Several other research analysts also recently commented on the company. Robert W. Baird raised their target price on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners increased their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.40.

Spire Global Trading Down 6.4 %

SPIR opened at $10.38 on Wednesday. The company has a 50 day moving average of $14.82 and a 200 day moving average of $12.40. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market cap of $267.18 million, a PE ratio of -2.98 and a beta of 2.34.

Insider Buying and Selling at Spire Global

In other Spire Global news, CEO Theresa Condor sold 17,979 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the transaction, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. This trade represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 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 transaction of $127,396.08. Following the transaction, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 240,457 shares of company stock worth $2,580,366 over the last three months. 17.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Spire Global in the third quarter valued at about $392,000. Nkcfo LLC purchased a new position in Spire Global during the 4th quarter valued at about $774,000. Geode Capital Management LLC raised its position in Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after purchasing an additional 41,612 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Spire Global in the 3rd quarter worth approximately $629,000. Finally, Stifel Financial Corp grew its position in shares of Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after buying an additional 76,119 shares during the last quarter. 19.97% of the stock is currently owned by 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.