Spire Global, Inc. (SPIR) – What Are Investment Firms Saying About This Stock?

Shares of Spire Global, Inc. (NYSE:SPIR) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.90.

Several brokerages recently issued reports on SPIR. Benchmark reissued a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Finally, Alliance Global Partners raised Spire Global from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, October 13th.

Spire Global Trading Up 3.5%

Spire Global stock opened at $9.07 on Tuesday. The stock has a market cap of $354.69 million, a PE ratio of -3.40 and a beta of 2.81. The stock has a 50-day moving average price of $11.52 and a 200 day moving average price of $15.09. Spire Global has a 52 week low of $6.60 and a 52 week high of $25.93.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. The firm had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, equities analysts predict that Spire Global will post -1.50 EPS for the current year.

Insider Transactions at Spire Global

In other news, CEO Theresa Condor sold 22,502 shares of Spire Global stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $14.09, for a total value of $317,053.18. Following the transaction, the chief executive officer directly owned 948,686 shares of the company’s stock, valued at $13,366,985.74. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Pelez sold 4,484 shares of Spire Global stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.09, for a total transaction of $63,179.56. Following the transaction, the chief operating officer directly owned 258,632 shares in the company, valued at approximately $3,644,124.88. This trade represents a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 75,301 shares of company stock valued at $1,005,333 in the last ninety days. Company insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new stake in Spire Global during the 2nd quarter valued at $7,692,000. Vontobel Holding Ltd. lifted its holdings in Spire Global by 43.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 298,080 shares of the company’s stock worth $3,333,000 after buying an additional 89,622 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Spire Global in the 2nd quarter worth $1,737,000. Royal Bank of Canada boosted its position in Spire Global by 9.9% in the 1st quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock valued at $989,000 after buying an additional 7,113 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after buying an additional 16,227 shares during the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

About Spire Global

Spire Global, Inc (NYSE:SPIR) is a space-based data and analytics company that develops, owns and operates a constellation of small satellites and related ground infrastructure. The company collects data from space and delivers it through cloud-based platforms, helping organizations monitor conditions and activity across the atmosphere, oceans and global communications environment.

Spire’s products and services include weather and climate data derived from satellite observations and GNSS radio occultation, maritime intelligence based on automatic identification system data, aviation information, and radio-frequency analytics.