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

Shares of Spire Global, Inc. (NYSE:SPIR) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.4167.

A number of research analysts have recently weighed in on SPIR shares. Canaccord Genuity Group dropped their price target on Spire Global from $12.00 to $10.50 and set a “buy” rating for the company in a research report on Monday, December 22nd. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. iA Financial set a $9.00 price objective on shares of Spire Global in a research note on Tuesday, December 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Spire Global in a report on Monday, December 22nd. Finally, HC Wainwright restated a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd.

Spire Global Stock Performance

Shares of SPIR stock opened at $10.83 on Friday. The stock has a fifty day moving average price of $10.33 and a 200 day moving average price of $9.95. The stock has a market cap of $358.47 million, a PE ratio of 28.50 and a beta of 2.50. Spire Global has a 1 year low of $6.60 and a 1 year high of $14.52.

Insider Transactions at Spire Global

In related news, CEO Theresa Condor sold 41,712 shares of Spire Global stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $355,803.36. Following the completion of the transaction, the chief executive officer directly owned 1,116,581 shares in the company, valued at $9,524,435.93. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Perez Celia Pelez sold 19,134 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $163,213.02. Following the completion of the sale, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 119,274 shares of company stock valued at $1,017,407 in the last ninety days. Corporate insiders own 14.68% of the company’s stock.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently made changes to their positions in SPIR. Osaic Holdings Inc. purchased a new stake in Spire Global during the 2nd quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in Spire Global in the 3rd quarter valued at about $25,000. Atlantic Private Wealth LLC lifted its holdings in Spire Global by 50.0% in 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 in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Spire Global during the 4th quarter worth about $44,000. 19.97% of the stock is currently owned by hedge funds and other 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.