Raymond James Lowers Spire Global (NYSE:SPIR) Price Target to $27.00

Spire Global (NYSE:SPIR) had its price target cut by Raymond James from $28.00 to $27.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Robert W. Baird reduced their price objective on Spire Global from $32.00 to $20.00 in a research report on Thursday, May 11th.

Spire Global Stock Up 4.2 %

Spire Global stock opened at $5.48 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.28. The firm has a market cap of $113.34 million, a price-to-earnings ratio of -1.34 and a beta of 1.17. The stock has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $5.62. Spire Global has a 12 month low of $2.80 and a 12 month high of $12.64.

Spire Global (NYSE:SPIR) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.72) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.24. Spire Global had a negative net margin of 78.42% and a negative return on equity of 62.56%. The firm had revenue of $26.49 million during the quarter, compared to analysts’ expectations of $24.57 million. Equities analysts predict that Spire Global will post -3.48 EPS for the current fiscal year.

Insider Transactions at Spire Global

In other news, CEO Peter Platzer sold 19,930 shares of the firm’s stock in a transaction dated Sunday, August 20th. The stock was sold at an average price of $4.80, for a total value of $95,664.00. Following the transaction, the chief executive officer now owns 1,490,104 shares of the company’s stock, valued at $7,152,499.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Peter Platzer sold 19,930 shares of the stock in a transaction on Sunday, August 20th. The shares were sold at an average price of $4.80, for a total value of $95,664.00. Following the completion of the sale, the chief executive officer now directly owns 1,490,104 shares of the company’s stock, valued at $7,152,499.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Theresa Condor sold 8,931 shares of the firm’s stock in a transaction on Sunday, August 20th. The shares were sold at an average price of $4.80, for a total transaction of $42,868.80. Following the sale, the chief operating officer now owns 246,840 shares in the company, valued at $1,184,832. The disclosure for this sale can be found here. Insiders sold 35,312 shares of company stock worth $169,498 in the last three months. Corporate insiders own 20.43% of the company’s stock.

Institutional Trading of Spire Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LA Financiere DE L Echiquier lifted its holdings in shares of Spire Global by 9.2% in the fourth quarter. LA Financiere DE L Echiquier now owns 559,100 shares of the company’s stock worth $537,000 after buying an additional 47,000 shares in the last quarter. True Capital Management purchased a new position in Spire Global in the fourth quarter worth about $189,000. Bank of America Corp DE increased its stake in Spire Global by 570.1% during the fourth quarter. Bank of America Corp DE now owns 136,961 shares of the company’s stock worth $131,000 after acquiring an additional 116,521 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Spire Global by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 115,852 shares of the company’s stock valued at $111,000 after purchasing an additional 47,505 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Spire Global by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,044,485 shares of the company’s stock valued at $1,962,000 after acquiring an additional 13,585 shares during the last quarter. Institutional investors own 22.12% 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.