HC Wainwright Upgrades Spire Global (NYSE:SPIR) to “Strong-Buy”

Spire Global (NYSE:SPIR) was upgraded by equities researchers at HC Wainwright to a “strong-buy” rating in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a $14.00 target price on the stock. HC Wainwright’s price objective suggests a potential upside of 47.14% from the company’s current price.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group cut their price target on Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, December 22nd. Alliance Global Partners lowered Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Spire Global in a research report on Monday, December 22nd. Finally, Industrial Alliance Securities set a $9.00 price objective on shares of Spire Global in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.58.

Spire Global Stock Up 15.9%

Shares of NYSE SPIR opened at $9.52 on Tuesday. The firm’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $10.01. Spire Global has a 52-week low of $6.60 and a 52-week high of $21.43. The stock has a market capitalization of $314.95 million, a P/E ratio of 25.04 and a beta of 2.44.

Insiders Place Their Bets

In related news, Chairman Peter Platzer sold 117,236 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $8.40, for a total value of $984,782.40. Following the completion of the transaction, the chairman 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 SEC, which is available at this hyperlink. 14.68% of the stock is owned by insiders.

Institutional Trading of Spire Global

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in shares of Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global in the third quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its stake in Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares in the last quarter. Atlantic Private Wealth LLC increased its position in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the period. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Company Profile

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.