Spire Global (NYSE:SPIR) Price Target Raised to $13.00 at Robert W. Baird

Spire Global (NYSE:SPIR) had its target price lifted by equities researchers at Robert W. Baird from $11.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 22.12% from the company’s previous close.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners raised their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.20.

Spire Global Trading Up 1.2 %

SPIR stock opened at $10.65 on Wednesday. The firm has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $12.42. The company has a market capitalization of $258.87 million, a P/E ratio of -3.06 and a beta of 2.27. Spire Global has a twelve month low of $6.26 and a twelve month high of $21.43.

Spire Global (NYSE:SPIR) last issued its earnings results on Monday, March 3rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.54). The firm had revenue of $28.57 million for the quarter, compared to analyst estimates of $30.17 million. On average, research analysts predict that Spire Global will post -1.69 EPS for the current year.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 51,346 shares of the business’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 $578,669.42. Following the completion of the transaction, the chairman now directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Theresa Condor sold 17,979 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares in the company, 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. Over the last quarter, insiders sold 94,857 shares of company stock worth $1,069,038. Insiders own 17.11% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after buying an additional 597 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after acquiring an additional 1,550 shares during the period. Sanctuary Advisors LLC raised its holdings in Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after purchasing an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Spire Global by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock worth $718,000 after purchasing an additional 2,441 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Spire Global during the 4th quarter valued at $37,000. 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.