Spire Global, Inc. (NYSE:SPIR) Given Average Recommendation of “Hold” by Analysts

Spire Global, Inc. (NYSE:SPIR) has received an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.50.

Several equities research analysts recently weighed in on SPIR shares. Canaccord Genuity Group cut their price objective on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating for the company in a research report on Monday. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a report on Monday. Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, December 18th.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 117,236 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $8.40, for a total transaction of $984,782.40. Following the completion of the sale, the chairman directly owned 1,476,164 shares in the company, valued at $12,399,777.60. This represents a 7.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. bought a new stake in shares of Spire Global during the 1st quarter valued at approximately $10,056,000. Granahan Investment Management LLC lifted its stake in Spire Global by 803.6% in the 1st quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company’s stock valued at $9,216,000 after purchasing an additional 1,013,106 shares during the last quarter. Nuveen LLC acquired a new stake in Spire Global in the first quarter valued at approximately $331,000. Herald Investment Management Ltd boosted its position in Spire Global by 67.9% in the second quarter. Herald Investment Management Ltd now owns 386,249 shares of the company’s stock valued at $4,596,000 after buying an additional 156,249 shares in the last quarter. Finally, Jump Financial LLC grew its stake in shares of Spire Global by 20.4% during the first quarter. Jump Financial LLC now owns 215,219 shares of the company’s stock worth $1,741,000 after buying an additional 36,405 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Down 5.2%

Shares of NYSE:SPIR traded down $0.47 during trading on Tuesday, reaching $8.59. 643,268 shares of the company traded hands, compared to its average volume of 627,262. The firm has a market capitalization of $284.43 million, a PE ratio of 22.61 and a beta of 2.43. Spire Global has a 52 week low of $6.60 and a 52 week high of $21.43. The company’s 50 day moving average is $9.38 and its two-hundred day moving average is $10.24.

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.