Spire Global, Inc. (NYSE:SPIR) Receives Consensus Rating of “Hold” from Brokerages

Spire Global, Inc. (NYSE:SPIR) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.4167.

SPIR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Spire Global in a research note on Monday, December 22nd. HC Wainwright reiterated a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Canaccord Genuity Group dropped their price objective on Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, December 22nd. iA Financial set a $9.00 target price on Spire Global in a report on Tuesday, December 23rd. Finally, Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st.

Hedge Funds Weigh In On Spire Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new position in Spire Global in the 2nd quarter worth $25,000. Russell Investments Group Ltd. bought a new position in shares of Spire Global during the third quarter valued at about $25,000. BNP Paribas Financial Markets increased its holdings in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares during the period. Atlantic Private Wealth LLC increased its holdings in shares of Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after acquiring an additional 1,699 shares during the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Stock Down 7.3%

SPIR opened at $10.16 on Wednesday. The firm has a 50-day moving average price of $9.91 and a 200-day moving average price of $9.99. Spire Global has a twelve month low of $6.60 and a twelve month high of $21.43. The company has a market capitalization of $336.30 million, a price-to-earnings ratio of 26.74 and a beta of 2.47.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.