Spire Global (NYSE:SPIR) Issues Earnings Results

Spire Global (NYSE:SPIR) released its quarterly earnings data on Wednesday. The company reported ($0.40) EPS for the quarter, FiscalAI reports. Spire Global had a negative return on equity of 125.66% and a net margin of 40.97%.The business had revenue of $12.67 million during the quarter.

Spire Global Price Performance

SPIR stock opened at $9.32 on Wednesday. The firm has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $10.33. The stock has a market cap of $304.88 million, a PE ratio of 19.02 and a beta of 2.43. Spire Global has a one year low of $6.85 and a one year high of $21.43.

Insider Activity

In other news, Chairman Peter Platzer sold 117,236 shares of Spire Global stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $8.40, for a total transaction of $984,782.40. Following the completion of the sale, the chairman directly owned 1,476,164 shares of the company’s stock, valued at approximately $12,399,777.60. The trade was a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 14.68% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. purchased a new stake in Spire Global in the second quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of Spire Global during the third quarter worth approximately $25,000. Atlantic Private Wealth LLC lifted its holdings in shares of Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 valued at $33,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 purchasing an additional 1,699 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on SPIR. Wall Street Zen upgraded shares of Spire Global from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Spire Global in a report on Monday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $12.00 price target (down from $16.00) on shares of Spire Global in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Spire Global presently has an average rating of “Hold” and a consensus price target of $14.33.

About Spire Global

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.