Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of “Moderate Buy” from Brokerages

Spire Global, Inc. (NYSE:SPIR) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.70.

SPIR has been the subject of a number of recent research reports. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the stock a “buy” rating in a report on Thursday, June 4th. Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings cut Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 7,184 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the transaction, the chairman owned 1,478,568 shares in the company, valued at $28,211,077.44. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 24,644 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $469,961.08. Following the transaction, the chief executive officer owned 963,670 shares of the company’s stock, valued at approximately $18,377,186.90. The trade was a 2.49% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 58,299 shares of company stock worth $1,091,038 over the last quarter. 13.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. purchased a new stake in shares of Spire Global in the 2nd quarter worth $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global in the 3rd quarter worth $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Spire Global by 84.6% in the 2nd 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. Leonteq Securities AG purchased a new stake in shares of Spire Global in the 4th quarter worth $44,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 worth $49,000 after buying an additional 1,699 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Stock Performance

Shares of Spire Global stock opened at $18.45 on Tuesday. The stock has a market cap of $714.16 million, a price-to-earnings ratio of 11.75 and a beta of 2.48. The stock has a 50 day moving average price of $19.01 and a 200-day moving average price of $13.24. Spire Global has a one year low of $6.60 and a one year high of $25.93.

Spire Global (NYSE:SPIR) last announced its earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The firm had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Sell-side analysts predict that Spire Global will post -1.35 earnings per share for the current fiscal year.

About Spire Global

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.