Spire Global, Inc. (NYSE:SPIR) Receives $12.42 Consensus Target Price from Brokerages

Spire Global, Inc. (NYSE:SPIR) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.4167.

A number of research firms recently weighed in on SPIR. Weiss Ratings restated a “sell (d+)” rating on shares of Spire Global in a research report on Monday, December 22nd. Canaccord Genuity Group decreased their price target on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. HC Wainwright reaffirmed a “buy” rating and set a $19.00 target price (up previously from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st.

Spire Global Stock Up 5.7%

Shares of SPIR stock opened at $9.47 on Wednesday. The business has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $9.97. Spire Global has a 12-month low of $6.60 and a 12-month high of $14.52. The firm has a market cap of $313.59 million, a P/E ratio of 24.93 and a beta of 2.47.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lane Generational LLC grew its position in Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after acquiring an additional 214,532 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Spire Global by 27.5% during the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock valued at $7,879,000 after purchasing an additional 142,987 shares during the period. State Street Corp grew its holdings in shares of Spire Global by 1.4% in the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after purchasing an additional 7,253 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares during the period. Finally, AWM Investment Company Inc. increased its stake in shares of Spire Global by 25.7% in the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after buying an additional 85,492 shares during the period. Institutional investors own 19.97% of the company’s stock.

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.