Spire Global, Inc. (NYSE:SPIR) Stock Has Consensus Price Target of $16.70 According to Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.70.

Several research analysts have issued reports on the stock. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, June 4th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Benchmark restated a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Finally, Weiss Ratings cut Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th.

Insider Activity

In related news, CEO Theresa Condor sold 22,502 shares of the 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 $317,053.18. Following the transaction, the chief executive officer owned 948,686 shares in the company, valued at $13,366,985.74. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Oehme sold 2,989 shares of Spire Global stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total transaction of $42,115.01. Following the completion of the sale, the chief technology officer directly owned 215,107 shares of the company’s stock, valued at approximately $3,030,857.63. This trade represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 57,347 shares of company stock worth $807,480. 13.04% of the stock is owned by corporate insiders.

Institutional Trading of Spire Global

Large investors have recently modified their holdings of the company. Leonteq Securities AG bought a new stake in shares of Spire Global during the 4th quarter valued at about $44,000. Integrated Wealth Concepts LLC purchased a new position in shares of Spire Global during the 2nd quarter worth $184,000. Granite Investment Partners LLC bought a new stake in shares of Spire Global during the 1st quarter valued at $129,000. Parvin Asset Management LLC increased its stake 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 in the last quarter. Finally, ARS Investment Partners LLC raised its holdings in Spire Global by 2.6% in the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after purchasing an additional 785 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Down 5.0%

Spire Global stock opened at $11.15 on Friday. Spire Global has a 12 month low of $6.60 and a 12 month high of $25.93. The company has a market capitalization of $436.15 million, a price-to-earnings ratio of -4.18 and a beta of 2.58. The business’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $15.44.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.05). The company had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.53 million. Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, equities research analysts predict that Spire Global will post -1.5 EPS for the current year.

Spire Global Company Profile

Spire Global, Inc (NYSE:SPIR) is a space-based data and analytics company that operates a constellation of satellites designed to collect information about the Earth’s atmosphere, oceans and commercial activity. The company combines satellite observations with cloud-based processing and artificial intelligence to deliver data, insights and predictive analytics to government and commercial customers.

Its offerings include weather and climate data generated through radio occultation, as well as maritime and aviation intelligence.