Spire Global, Inc. (NYSE:SPIR) Receives $19.60 Consensus Target Price from Brokerages

Spire Global, Inc. (NYSE:SPIR) has been given an average 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 rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.60.

SPIR has been the topic of several research analyst reports. Canaccord Genuity Group upped their target price on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Robert W. Baird raised their price objective on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Alliance Global Partners boosted their target price on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” 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 raised their price target for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Raymond James reiterated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th.

Insider Transactions at Spire Global

In other news, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $182,749.21. Following the completion of the sale, the chief accounting officer now owns 311,608 shares in the company, valued at $4,602,450.16. This represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Leonardo Basola sold 13,278 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $196,116.06. Following the transaction, the chief financial officer now owns 236,479 shares in the company, valued at approximately $3,492,794.83. This trade represents a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 over the last three months. Corporate insiders own 17.11% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several hedge funds have recently modified their holdings of SPIR. Sanctuary Advisors LLC increased its position in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after purchasing an additional 1,700 shares during the last quarter. Barclays PLC grew its position in Spire Global by 321.5% during the third quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after buying an additional 24,312 shares during the period. Geode Capital Management LLC increased its holdings in Spire Global by 9.0% during the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after buying an additional 41,612 shares during the last quarter. XTX Topco Ltd bought a new stake in Spire Global in the third quarter worth about $392,000. Finally, Jane Street Group LLC boosted its stake in Spire Global by 96.4% in the third quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock valued at $554,000 after acquiring an additional 27,219 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Price Performance

SPIR stock opened at $14.33 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The company’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $11.09. Spire Global has a 12-month low of $6.26 and a 12-month high of $19.40. The firm has a market cap of $348.48 million, a price-to-earnings ratio of -4.12 and a beta of 2.22.

About Spire Global

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.