Robert W. Baird Boosts Spire Global (NYSE:SPIR) Price Target to $11.00

Spire Global (NYSE:SPIR) had its price target raised by equities researchers at Robert W. Baird from $6.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential downside of 11.18% from the company’s current price.

A number of other research firms also recently commented on SPIR. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners boosted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price objective on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.80.

Spire Global Price Performance

Shares of NYSE:SPIR opened at $12.39 on Wednesday. The firm has a market capitalization of $301.20 million, a price-to-earnings ratio of -3.56 and a beta of 2.27. The business’s 50 day simple moving average is $15.41 and its 200-day simple moving average is $12.32. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43.

Insider Activity

In other Spire Global news, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the completion of the sale, the chief financial officer now directly owns 236,479 shares of the company’s stock, valued at approximately $3,492,794.83. The trade was a 5.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the transaction, the chief accounting officer now directly owns 311,608 shares in the company, valued at approximately $4,602,450.16. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock worth $1,380,714 over the last three months. 17.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new position in Spire Global during the fourth quarter worth about $397,000. Two Sigma Investments LP increased its stake in shares of Spire Global by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after acquiring an additional 1,550 shares during the last quarter. Shay Capital LLC purchased a new position in shares of Spire Global during the 4th quarter worth about $410,000. Numerai GP LLC acquired a new stake in shares of Spire Global in the fourth quarter worth approximately $234,000. Finally, Granahan Investment Management LLC purchased a new stake in Spire Global in the fourth quarter valued at approximately $1,774,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Company Profile

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.