Spire Global (NYSE:SPIR) Given New $18.00 Price Target at Canaccord Genuity Group

Spire Global (NYSE:SPIR) had its price objective lifted by Canaccord Genuity Group from $12.00 to $18.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on SPIR. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Raymond James reiterated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Alliance Global Partners upped their price target on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and upped their price target for the company from $8.00 to $20.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Up 1.0 %

Shares of NYSE:SPIR opened at $13.48 on Friday. The company has a market capitalization of $327.83 million, a PE ratio of -3.87 and a beta of 1.96. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global has a twelve month low of $4.56 and a twelve month high of $19.40. The firm has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $10.25.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of SPIR. Pathway Financial Advisers LLC acquired a new position in Spire Global in the 1st quarter valued at $27,000. nVerses Capital LLC acquired a new position in Spire Global in the 2nd quarter valued at $37,000. Quest Partners LLC increased its stake in Spire Global by 869,900.0% in the 3rd 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. Sanctuary Advisors LLC acquired a new position in Spire Global in the 2nd quarter valued at $106,000. Finally, MetLife Investment Management LLC acquired a new position in Spire Global in the 3rd quarter valued at $136,000. 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.