Spire Global, Inc. (NYSE:SPIR) Given Consensus Rating of “Hold” by Brokerages

Spire Global, Inc. (NYSE:SPIR) has been given an average rating of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.70.

A number of analysts recently weighed in on the stock. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. 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 downgraded Spire Global from a “sell” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings downgraded Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Stifel Nicolaus set a $24.00 price objective on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th.

Insider Transactions at Spire Global

In other news, CTO Johann Gabriel Oehme sold 3,107 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the sale, the chief technology officer owned 218,096 shares in the company, valued at approximately $4,159,090.72. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the completion of the sale, the chief executive officer owned 963,670 shares in the company, 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. Over the last ninety days, insiders sold 55,297 shares of company stock valued at $1,052,433. 13.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS acquired a new stake in Spire Global during the 4th quarter valued at $933,000. Tudor Investment Corp ET AL acquired a new position in Spire Global in the third quarter worth $396,000. JPMorgan Chase & Co. boosted its stake in Spire Global by 77.2% in the third quarter. JPMorgan Chase & Co. now owns 33,877 shares of the company’s stock worth $372,000 after purchasing an additional 14,758 shares in the last quarter. tru Independence LLC bought a new stake in shares of Spire Global during the fourth quarter worth $79,000. Finally, Parvin Asset Management LLC grew its holdings in shares of Spire Global by 11.4% during the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares during the last quarter. 19.97% of the stock is owned by institutional investors.

Spire Global Price Performance

Shares of SPIR stock opened at $12.16 on Friday. Spire Global has a one year low of $6.60 and a one year high of $25.93. The stock has a fifty day moving average price of $18.21 and a 200 day moving average price of $14.55. The stock has a market cap of $470.78 million, a P/E ratio of 7.75 and a beta of 2.51.

Spire Global (NYSE:SPIR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.01. The firm 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%. Equities research analysts anticipate that Spire Global will post -1.35 EPS 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.