Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.60.

Several equities research analysts recently issued reports on SPIR shares. Robert W. Baird raised their target price on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Insider Transactions at Spire Global

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

Institutional Trading of Spire Global

Several large investors have recently bought and sold shares of SPIR. Sanctuary Advisors LLC boosted its position in Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after acquiring an additional 3,072 shares in the last quarter. Quest Partners LLC grew its position in Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Spire Global by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after purchasing an additional 9,149 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Spire Global in the fourth quarter valued at about $150,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Stock Performance

Shares of NYSE SPIR opened at $17.98 on Thursday. The stock has a 50 day moving average price of $14.34 and a 200 day moving average price of $11.66. The stock has a market capitalization of $437.32 million, a PE ratio of -5.17 and a beta of 2.24. Spire Global has a 52 week low of $6.26 and a 52 week high of $19.40.

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.