Spire Global, Inc. (NYSE:SPIR) Given Average Recommendation of “Hold” by Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.67.

A number of research analysts have recently commented on the company. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. 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 research note on Thursday, August 15th. Robert W. Baird reaffirmed a “neutral” rating and issued a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 target price (down from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Finally, Raymond James reissued a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th.

Hedge Funds Weigh In On Spire Global

A number of large investors have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in Spire Global in the 1st quarter valued at about $27,000. nVerses Capital LLC bought a new position in shares of Spire Global in the second quarter valued at approximately $37,000. Sanctuary Advisors LLC purchased a new position in shares of Spire Global during the second quarter valued at approximately $106,000. Van ECK Associates Corp bought a new stake in Spire Global during the third quarter worth $172,000. Finally, Rhumbline Advisers raised its position in Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after buying an additional 25,905 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Spire Global Price Performance

Shares of NYSE:SPIR opened at $11.42 on Friday. Spire Global has a one year low of $3.94 and a one year high of $19.40. 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 company has a market cap of $277.73 million, a price-to-earnings ratio of -3.28 and a beta of 1.96. The firm has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $10.15.

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.