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

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned a consensus recommendation of “Moderate Buy” from 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 target price among brokers that have updated their coverage on the stock in the last year is $19.60.

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

Spire Global Price Performance

Shares of SPIR opened at $13.81 on Thursday. The company has a 50 day moving average price of $14.02 and a 200-day moving average price of $11.54. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $19.40. The stock has a market capitalization of $335.83 million, a PE ratio of -3.97 and a beta of 2.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24.

Insiders Place Their Bets

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares of the company’s stock, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Platzer sold 50,238 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock valued at $1,380,714. Insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

A number of hedge funds and other institutional investors have recently made changes to their positions in SPIR. Bank of New York Mellon Corp acquired a new stake in shares of Spire Global in the second quarter worth $722,000. Rhumbline Advisers increased its stake in shares of Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock worth $293,000 after acquiring an additional 25,905 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Spire Global in the second quarter worth $106,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Spire Global in the third quarter worth $629,000. Finally, Van ECK Associates Corp acquired a new stake in Spire Global during the third quarter valued at $172,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.