Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of “Moderate Buy” from Analysts

Spire Global, Inc. (NYSE:SPIR) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.30.

SPIR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings lowered shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 7,184 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the transaction, the chairman owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Celia Pelez sold 4,660 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $88,866.20. Following the completion of the transaction, the chief operating officer directly owned 263,116 shares in the company, valued at $5,017,622.12. The trade was a 1.74% decrease in their position. 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. Over the last ninety days, insiders have sold 58,299 shares of company stock worth $1,091,038. Company insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of institutional investors have recently made changes to their positions in SPIR. Osaic Holdings Inc. purchased a new stake in shares of Spire Global in the 2nd quarter valued at $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global in the 3rd quarter valued at $25,000. Atlantic Private Wealth LLC boosted its stake 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 valued at $33,000 after purchasing an additional 1,000 shares in 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, Leonteq Securities AG purchased a new stake in shares of Spire Global in the 4th quarter valued at $44,000. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Down 5.4%

Spire Global stock opened at $24.10 on Friday. The firm’s 50 day simple moving average is $17.54 and its 200 day simple moving average is $12.31. The firm has a market capitalization of $932.76 million, a PE ratio of 15.35 and a beta of 2.42. Spire Global has a 1-year low of $6.60 and a 1-year high of $25.93.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Research analysts forecast that Spire Global will post -1.39 earnings per share for the current 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.