Analysts Set Spire Global, Inc. (NYSE:SPIR) Price Target at $18.20

Spire Global, Inc. (NYSE:SPIR) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.20.

A number of research analysts recently commented on SPIR shares. Canaccord Genuity Group boosted their price target on Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Robert W. Baird lifted their price objective on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus dropped their target price on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st.

Insider Buying and Selling

In other Spire Global news, Chairman Peter Platzer sold 27,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the sale, the chairman now directly owns 1,588,609 shares in the company, valued at $14,742,291.52. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen Messer sold 16,660 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $10.85, for a total value of $180,761.00. Following the sale, the director now owns 82,062 shares in the company, valued at $890,372.70. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. 14.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently made changes to their positions in the company. 325 Capital LLC purchased a new stake in Spire Global in the 1st quarter worth about $15,169,000. Alyeska Investment Group L.P. bought a new position in shares of Spire Global during the first quarter valued at approximately $10,056,000. Granahan Investment Management LLC raised its holdings in shares of Spire Global by 803.6% in the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company’s stock worth $9,216,000 after buying an additional 1,013,106 shares during the period. Vanguard Group Inc. lifted its stake in shares of Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after acquiring an additional 64,632 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Spire Global by 538.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company’s stock valued at $5,275,000 after acquiring an additional 549,972 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Stock Down 1.9%

NYSE SPIR opened at $9.95 on Friday. Spire Global has a twelve month low of $6.26 and a twelve month high of $21.43. The business has a 50-day moving average price of $10.30 and a 200-day moving average price of $11.99. The firm has a market cap of $309.21 million, a price-to-earnings ratio of -2.86 and a beta of 2.38.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.