Spire Global (NYSE:SPIR) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Spire Global (NYSE:SPIR) in a research report report published on Tuesday, Marketbeat.com reports. They currently have a $12.00 price objective on the stock, down from their previous price objective of $20.00.

Several other analysts have also commented on the company. Craig Hallum lowered Spire Global from a buy rating to a hold rating and decreased their price target for the company from $13.00 to $8.00 in a research note on Thursday, August 15th. Robert W. Baird restated a neutral rating and issued a $9.00 target price (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Raymond James reiterated a market perform rating on shares of Spire Global in a research report on Wednesday, August 28th. Baird R W lowered shares of Spire Global from a strong-buy rating to a hold rating in a research report on Thursday, August 15th. Finally, Stifel Nicolaus decreased their price objective on shares of Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Spire Global has a consensus rating of Hold and an average price target of $13.67.

Spire Global Stock Up 4.2 %

NYSE SPIR opened at $8.20 on Tuesday. Spire Global has a 1-year low of $3.27 and a 1-year high of $19.40. The company has a market capitalization of $199.41 million, a price-to-earnings ratio of -2.36 and a beta of 1.97. The stock’s 50 day moving average is $10.57 and its two-hundred day moving average is $10.78. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. Pathway Financial Advisers LLC acquired a new stake in Spire Global in the 1st quarter valued at about $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global in the second quarter valued at approximately $37,000. Sanctuary Advisors LLC bought a new position in Spire Global in the 2nd quarter worth approximately $106,000. Jump Financial LLC acquired a new position in Spire Global during the 4th quarter worth $167,000. Finally, Russell Investments Group Ltd. bought a new position in Spire Global in the 4th quarter valued at $171,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.