Spire Global, Inc. (NYSE:SPIR) Receives $16.70 Average PT from Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $16.70.

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

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 7,184 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the sale, the chairman owned 1,478,568 shares in the company, valued at approximately $28,211,077.44. The trade was a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $469,961.08. Following the sale, the chief executive officer owned 963,670 shares of the company’s stock, valued at $18,377,186.90. This represents a 2.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 55,297 shares of company stock worth $1,052,433. 13.04% of the stock is owned by insiders.

Institutional Trading of Spire Global

Several institutional investors have recently modified their holdings of the stock. Lane Generational LLC lifted its position in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after buying an additional 214,532 shares during the last quarter. State Street Corp lifted its position in shares of Spire Global by 1.4% during the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after buying an additional 7,253 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares during the last quarter. AWM Investment Company Inc. lifted its position in shares of Spire Global by 25.7% during the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after buying an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Spire Global by 58.0% during the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after buying an additional 98,925 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Stock Down 9.0%

Shares of Spire Global stock opened at $17.27 on Tuesday. Spire Global has a 52-week low of $6.60 and a 52-week high of $25.93. The company has a 50 day moving average of $19.11 and a 200 day moving average of $13.59. The company has a market capitalization of $668.60 million, a P/E ratio of 11.00 and a beta of 2.48.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. As a group, research analysts anticipate 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.