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

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

Other research analysts have also issued research reports about the stock. Alliance Global Partners increased their target price on shares of 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 raised Spire Global from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their price objective on Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Spire Global Stock Performance

SPIR stock opened at $11.01 on Wednesday. Spire Global has a 52 week low of $6.26 and a 52 week high of $21.43. The company has a market capitalization of $267.62 million, a PE ratio of -3.16 and a beta of 2.27. The company’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $12.32.

Institutional Trading of Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in SPIR. SBI Securities Co. Ltd. acquired a new position in Spire Global during the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global in the 4th quarter valued at $42,000. Quest Partners LLC lifted its position in shares of 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 buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after buying an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in Spire Global in the fourth quarter valued at about $135,000. Institutional investors 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.