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

Spire Global, Inc. (NYSE:SPIR) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.60.

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

Insider Buying and Selling at Spire Global

In related news, CEO Peter Platzer sold 50,238 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of the transaction, the chief executive officer now directly owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 311,608 shares in the company, valued at approximately $4,602,450.16. The trade was a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 in the last three months. 17.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in Spire Global during the third quarter valued at $392,000. Harbor Capital Advisors Inc. bought a new position in shares of Spire Global in the 3rd quarter valued at about $629,000. Stifel Financial Corp lifted its holdings in shares of Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after acquiring an additional 76,119 shares during the last quarter. NewGen Asset Management Ltd grew its position in Spire Global by 406.3% in the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after acquiring an additional 325,000 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Spire Global during the second quarter worth approximately $722,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Trading Down 2.9 %

NYSE:SPIR opened at $14.51 on Friday. Spire Global has a one year low of $6.26 and a one year high of $19.40. The business has a fifty day moving average price of $12.99 and a 200-day moving average price of $11.22. The firm has a market capitalization of $352.85 million, a price-to-earnings ratio of -4.17 and a beta of 2.22. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24.

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.