Spire Global, Inc. (NYSE:SPIR) Receives $19.60 Average PT from Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.80.

Several brokerages recently commented on SPIR. Robert W. Baird increased their price target on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Craig Hallum upgraded shares of 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 report on Thursday, November 14th. Alliance Global Partners increased their price target on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price objective on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday.

Insiders Place Their Bets

In other Spire Global news, CEO Peter Platzer sold 50,238 shares of the firm’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 $742,015.26. Following the sale, the chief executive officer now owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. This trade represents a 2.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,481 shares of company stock worth $1,380,714 in the last 90 days. Company insiders own 17.11% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in Spire Global during the 2nd quarter worth $106,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Spire Global during the third quarter valued at about $629,000. Van ECK Associates Corp bought a new stake in shares of Spire Global during the third quarter worth about $172,000. Quest Partners LLC increased its stake in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after buying an additional 3,072 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Spire Global Price Performance

SPIR opened at $10.12 on Monday. The company has a market capitalization of $246.10 million, a price-to-earnings ratio of -2.91 and a beta of 2.27. The business’s 50-day moving average price is $15.72 and its two-hundred day moving average price is $12.38. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43.

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.