Spire Global (NYSE:SPIR) Price Target Cut to $20.00 by Analysts at Stifel Nicolaus

Spire Global (NYSE:SPIR) had its price objective reduced by Stifel Nicolaus from $24.00 to $20.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Spire Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. Alliance Global Partners upgraded shares of Spire Global from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, October 13th. Benchmark restated a “buy” rating on shares of Spire Global in a report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

Spire Global Trading Up 6.0%

SPIR stock opened at $9.91 on Wednesday. The business’s fifty day moving average price is $10.38 and its 200 day moving average price is $13.63. Spire Global has a 12-month low of $6.60 and a 12-month high of $25.93. The company has a market capitalization of $387.83 million, a PE ratio of -3.84 and a beta of 3.19.

Spire Global (NYSE:SPIR) last announced its earnings results on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The firm had revenue of $18.05 million for the quarter, compared to analysts’ expectations of $18.53 million. Spire Global had a negative net margin of 134.64% and a negative return on equity of 54.83%. Research analysts predict that Spire Global will post -1.50 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Alison K. Engel sold 4,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $14.09, for a total transaction of $60,389.74. Following the completion of the transaction, the chief financial officer directly owned 261,552 shares of the company’s stock, valued at approximately $3,685,267.68. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Pelez sold 4,484 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total transaction of $63,179.56. Following the sale, the chief operating officer owned 258,632 shares in the company, valued at $3,644,124.88. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 75,301 shares of company stock worth $1,005,333. Corporate insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Several hedge funds have recently added to or reduced their stakes in SPIR. Global Retirement Partners LLC acquired a new position in Spire Global during the 3rd quarter worth approximately $32,000. Aberdeen Group plc purchased a new stake in shares of Spire Global in the 3rd quarter valued at approximately $47,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Spire Global in the 2nd quarter valued at approximately $184,000. Parvin Asset Management LLC increased its position in shares of Spire Global by 11.4% in the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after purchasing an additional 16,227 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Key Headlines Impacting Spire Global

Investors following SPIR have been watching these headlines:

• Neutral Sentiment: 2027 revenue guidance of $96 million–$106 million has a $101 million midpoint, slightly above the $100.2 million consensus estimate. Stifel maintained a Buy rating, although it lowered its price target from $24 to $20. Stifel Nicolaus recommendations
• Negative Sentiment: Q3 results missed expectations: revenue was $18 million versus analysts’ $20.64 million estimate, and the reported per-share loss exceeded the consensus loss. Spire Global reports Q3 loss and misses revenue estimates
• Negative Sentiment: 2026 revenue guidance of $75 million–$80 million comes in below the $80 million consensus at its midpoint, signaling a softer near-term outlook.

About Spire Global

Spire Global is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The satellites collect signals and atmospheric measurements that Spire processes into information products for commercial and government customers. The company’s services include weather data and forecasting support, aviation tracking and analytics, and satellite and data services for organizations seeking to develop or operate space-based capabilities. Its products are designed to help customers monitor conditions and activity around the world.