Brokerages Set Spire Global, Inc. (NYSE:SPIR) Price Target at $12.42

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.4167.

Several research firms recently issued reports on SPIR. Stifel Nicolaus set a $14.00 price objective on Spire Global and gave the stock a “buy” rating in a report on Thursday, December 18th. HC Wainwright reaffirmed a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $9.00 in a research report on Tuesday, December 23rd. iA Financial set a $9.00 price objective on Spire Global in a research note on Tuesday, December 23rd. Finally, Canaccord Genuity Group decreased their price target 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, December 22nd.

Institutional Trading of Spire Global

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Spire Global by 164.6% during the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock worth $378,000 after buying an additional 29,066 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Spire Global by 99.1% in the second quarter. AlphaQuest LLC now owns 4,550 shares of the company’s stock valued at $54,000 after acquiring an additional 2,265 shares during the period. Lane Generational LLC grew its position in Spire Global by 11.8% during the 2nd quarter. Lane Generational LLC now owns 542,741 shares of the company’s stock worth $6,459,000 after purchasing an additional 57,124 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Spire Global during the second quarter worth about $345,000. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Spire Global in the second quarter valued at approximately $1,190,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Up 5.7%

SPIR stock opened at $9.47 on Wednesday. Spire Global has a 52-week low of $6.60 and a 52-week high of $14.52. The firm has a market cap of $313.59 million, a P/E ratio of 24.93 and a beta of 2.46. The company’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $9.97.

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.