Analysts Set Spire Global, Inc. (NYSE:SPIR) PT at $13.67

Spire Global, Inc. (NYSE:SPIR) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.67.

A number of brokerages recently issued reports on SPIR. Raymond James reiterated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 price target (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Craig Hallum cut shares of Spire Global from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $13.00 to $8.00 in a research note on Thursday, August 15th. Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $9.00 price target (down previously from $15.00) on shares of Spire Global in a research report on Thursday, August 15th.

Institutional Investors Weigh In On Spire Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new stake in Spire Global in the first quarter valued at $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global in the 2nd quarter valued at about $37,000. Sanctuary Advisors LLC bought a new stake in Spire Global in the 2nd quarter valued at about $106,000. K.J. Harrison & Partners Inc acquired a new position in Spire Global during the 1st quarter worth approximately $176,000. Finally, Rhumbline Advisers boosted its holdings in 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 in the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Up 4.8 %

SPIR opened at $9.45 on Tuesday. Spire Global has a twelve month low of $3.27 and a twelve month high of $19.40. The stock has a market capitalization of $229.82 million, a price-to-earnings ratio of -2.72 and a beta of 1.97. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $10.35.

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.