Brokerages Set Spire Global, Inc. (NYSE:SPIR) Price Target at $18.30

Spire Global, Inc. (NYSE:SPIR) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $17.50.

Several research analysts have recently issued reports on SPIR shares. Robert W. Baird decreased their price objective on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Canaccord Genuity Group cut their price objective on Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st.

Spire Global Stock Down 0.9 %

SPIR stock opened at $7.54 on Tuesday. The company has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $12.50. The company has a market capitalization of $233.62 million, a P/E ratio of -2.17 and a beta of 2.42. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $21.43.

Insider Activity at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the transaction, the chief accounting officer now owns 300,304 shares of the company’s stock, valued at $3,384,426.08. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theresa Condor sold 17,979 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $202,623.33. Following the sale, the chief executive officer now owns 359,173 shares of the company’s stock, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,021 shares of company stock worth $2,816,590. 17.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Spire Global

A number of hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in Spire Global by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Spire Global in the 3rd quarter valued at approximately $136,000. Stifel Financial Corp increased its holdings in Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after buying an additional 76,119 shares during the last quarter. State Street Corp raised its position in Spire Global by 53.1% during 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 in the last quarter. Finally, Jane Street Group LLC grew its position in Spire Global by 96.4% in the third quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock worth $554,000 after acquiring an additional 27,219 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

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.