Spire Global (NYSE:SPIR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Spire Global (NYSE:SPIR) from a strong sell rating to a sell rating in a research note published on Saturday morning.

SPIR has been the topic of a number of other reports. Weiss Ratings cut Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.70.

Spire Global Stock Performance

NYSE SPIR opened at $13.80 on Friday. Spire Global has a twelve month low of $6.60 and a twelve month high of $25.93. The stock has a market cap of $539.86 million, a PE ratio of -5.17 and a beta of 2.55. The firm has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $14.90.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. Research analysts forecast that Spire Global will post -1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Alison K. Engel sold 12,702 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $242,354.16. Following the sale, the chief financial officer owned 265,838 shares of the company’s stock, valued at $5,072,189.04. The trade was a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 company’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 $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 trade represents 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. Insiders sold a total of 52,297 shares of company stock worth $997,503 in the last 90 days. 13.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Spire Global in the 3rd quarter worth about $25,000. Osaic Holdings Inc. bought a new position in Spire Global during the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets boosted its position in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after buying an additional 1,260 shares in the last quarter. Leonteq Securities AG acquired a new position in Spire Global in the fourth quarter valued at about $44,000. Finally, Tower Research Capital LLC TRC grew its stake in Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after buying an additional 1,699 shares during the last quarter. 19.97% of the stock is owned by institutional investors.

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.