Brokerages Set Spire Global, Inc. (NYSE:SPIR) Price Target at $19.60

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.60.

A number of research analysts have recently weighed in on SPIR shares. Canaccord Genuity Group increased their price target on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Craig Hallum upgraded 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. Robert W. Baird upped their price target on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Insider Activity

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $259,833.84. Following the transaction, the chief operating officer now directly owns 377,152 shares of the company’s stock, valued at $5,570,535.04. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at $4,602,450.16. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently made changes to their positions in SPIR. Vanguard Group Inc. grew its stake in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after buying an additional 144,047 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after acquiring an additional 41,612 shares in the last quarter. State Street Corp increased its stake in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after acquiring an additional 148,803 shares during the last quarter. NewGen Asset Management Ltd raised its position in Spire Global by 406.3% during the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after purchasing an additional 325,000 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Spire Global Trading Up 1.1 %

SPIR stock opened at $16.34 on Wednesday. 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 has a twelve month low of $4.71 and a twelve month high of $19.40. The company has a market cap of $397.39 million, a P/E ratio of -4.70 and a beta of 1.96. The business has a fifty day moving average of $11.25 and a 200-day moving average of $10.58.

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.