Spire Global (NYSE:SPIR) Releases FY 2025 Earnings Guidance

Spire Global (NYSE:SPIR) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -1.800–1.510 for the period, compared to the consensus estimate of -1.580. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $90.3 million. Spire Global also updated its Q2 2025 guidance to -0.490–0.420 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPIR. Stifel Nicolaus cut their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Canaccord Genuity Group boosted their target price on shares of Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird boosted their target price on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $18.20.

Spire Global Trading Up 12.6%

Shares of NYSE:SPIR opened at $11.72 on Friday. The firm has a 50 day moving average of $9.12 and a 200-day moving average of $12.40. The stock has a market capitalization of $362.93 million, a PE ratio of -3.37 and a beta of 2.39. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43.

Insider Buying and Selling

In related news, CAO Boyd C. Johnson sold 11,304 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the completion of the transaction, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This represents a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter Platzer sold 51,346 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares of the company’s stock, valued at approximately $20,740,823.39. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 295,314 shares of company stock worth $3,069,869 in the last three months. 17.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Spire Global

An institutional investor recently raised its position in Spire Global stock. Royal Bank of Canada increased its stake in shares of Spire Global, Inc. (NYSE:SPIR) by 164.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,728 shares of the company’s stock after purchasing an additional 29,066 shares during the quarter. Royal Bank of Canada owned approximately 0.15% of Spire Global worth $378,000 at the end of the most recent reporting period. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.