Spire Global (NYSE:SPIR) Price Target Raised to $11.00

Spire Global (NYSE:SPIR) had its price objective raised by Robert W. Baird from $6.00 to $11.00 in a report released on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on SPIR. Alliance Global Partners increased their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price objective on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.80.

Spire Global Trading Down 5.6 %

SPIR stock opened at $11.01 on Wednesday. The stock has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $12.32. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The stock has a market cap of $267.62 million, a PE ratio of -3.16 and a beta of 2.27.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after buying an additional 64,632 shares during the last quarter. Geode Capital Management LLC raised its position in Spire Global by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after acquiring an additional 3,551 shares in the last quarter. State Street Corp lifted its stake in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after acquiring an additional 148,803 shares during the last quarter. Stifel Financial Corp grew its position 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 period. Finally, Northern Trust Corp increased its stake in shares of Spire Global by 6.4% during the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.