Spire Global, Inc. (NYSE:SPIR) Receives $13.67 Average Price Target from Brokerages

Spire Global, Inc. (NYSE:SPIR) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.67.

SPIR has been the subject of a number of analyst reports. Craig Hallum cut shares of Spire Global from a “buy” rating to a “hold” rating and cut their price target for the stock from $13.00 to $8.00 in a research note on Thursday, August 15th. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 target price (down previously from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird restated a “neutral” rating and issued a $9.00 price target (down from $15.00) on shares of Spire Global in a research report on Thursday, August 15th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Spire Global in a research note on Thursday, June 13th.

Institutional Trading of Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPIR. Pathway Financial Advisers LLC bought a new position in Spire Global in the 1st quarter valued at $27,000. nVerses Capital LLC acquired a new stake in Spire Global in the second quarter worth about $37,000. Sanctuary Advisors LLC acquired a new position in Spire Global during the 2nd quarter valued at about $106,000. Jump Financial LLC bought a new position in shares of Spire Global in the 4th quarter valued at about $167,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Spire Global during the fourth quarter worth approximately $171,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Up 4.8 %

SPIR opened at $10.91 on Friday. The company has a market capitalization of $265.31 million, a P/E ratio of -3.14 and a beta of 1.96. 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 firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.69. Spire Global has a fifty-two week low of $3.27 and a fifty-two 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.