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

Spire Global, Inc. (NYSE:SPIR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.70.

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating on shares of Spire Global in a research report on Monday. Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen downgraded Spire Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Stifel Nicolaus set a $24.00 price target on Spire Global and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th.

Insider Activity

In other news, CFO Alison K. Engel sold 12,702 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $242,354.16. Following the completion of the sale, the chief financial officer directly owned 265,838 shares of the company’s stock, valued at $5,072,189.04. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Spire Global stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $469,961.08. Following the sale, the chief executive officer owned 963,670 shares in the company, valued at $18,377,186.90. The trade was a 2.49% 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. Over the last quarter, insiders sold 52,297 shares of company stock worth $997,503. 13.04% of the stock is owned by insiders.

Institutional Trading of Spire Global

Hedge funds have recently added to or reduced their stakes in the stock. DNB Asset Management AS purchased a new position in Spire Global in the fourth quarter valued at about $933,000. Tudor Investment Corp ET AL purchased a new stake in shares of Spire Global during the 3rd quarter worth approximately $396,000. JPMorgan Chase & Co. increased its stake in shares of Spire Global by 77.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,877 shares of the company’s stock worth $372,000 after purchasing an additional 14,758 shares during the last quarter. tru Independence LLC bought a new stake in shares of Spire Global in the 4th quarter worth approximately $79,000. Finally, Parvin Asset Management LLC raised its holdings 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 worth $148,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Price Performance

Shares of SPIR stock opened at $12.88 on Thursday. The firm has a 50-day moving average of $15.98 and a 200-day moving average of $14.80. Spire Global has a one year low of $6.60 and a one year high of $25.93. The company has a market cap of $498.47 million, a P/E ratio of 8.20 and a beta of 2.55.

Spire Global (NYSE:SPIR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The business had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. As a group, research analysts expect that Spire Global will post -1.35 earnings per share for the current fiscal 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.