Spire Global, Inc. (NYSE:SPIR) Receives $13.67 Average PT from Brokerages

Spire Global, Inc. (NYSE:SPIR) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.67.

Several analysts have commented on SPIR shares. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Robert W. Baird reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of Spire Global in a research report on Thursday, August 15th. Alliance Global Partners reiterated a “buy” rating on shares of Spire Global in a report on Thursday, June 13th. Craig Hallum lowered Spire Global from a “buy” rating to a “hold” rating and cut their price target for the company from $13.00 to $8.00 in a report on Thursday, August 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th.

Spire Global Stock Up 8.6 %

Shares of Spire Global stock opened at $9.30 on Friday. The company has a market capitalization of $226.16 million, a P/E ratio of -2.67 and a beta of 1.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The business has a 50-day moving average of $10.47 and a two-hundred day moving average of $10.73. Spire Global has a 1 year low of $3.27 and a 1 year high of $19.40.

Institutional Trading of Spire Global

A number of hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new position in Spire Global during the first quarter worth $27,000. nVerses Capital LLC acquired a new position in Spire Global in the 2nd quarter valued at about $37,000. Sanctuary Advisors LLC acquired a new position in Spire Global in the 2nd quarter valued at about $106,000. K.J. Harrison & Partners Inc bought a new position in Spire Global in the 1st quarter valued at about $176,000. Finally, Jump Financial LLC acquired a new position in shares of Spire Global in the fourth quarter valued at approximately $167,000. 19.97% of the stock is owned by institutional investors and hedge funds.

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.