Spire Global (NYSE:SPIR) Stock Rating Upgraded by Alliance Global Partners

Spire Global (NYSE:SPIR) was upgraded by analysts at Alliance Global Partners from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $15.00 target price on the stock. Alliance Global Partners’ price target points to a potential upside of 62.95% from the stock’s current price.

A number of other brokerages have also recently issued reports on SPIR. Benchmark reiterated a “buy” rating on shares of Spire Global in a report on Monday, August 3rd. Weiss Ratings lowered Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Finally, Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $17.90.

Spire Global Price Performance

Shares of SPIR opened at $9.21 on Tuesday. The business’s 50-day moving average price is $12.26 and its 200 day moving average price is $15.33. Spire Global has a 1-year low of $6.60 and a 1-year high of $25.93.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The firm had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.53 million. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, equities research analysts anticipate that Spire Global will post -1.50 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Johann Oehme sold 2,989 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer owned 215,107 shares of the company’s stock, valued at approximately $3,030,857.63. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Pelez sold 4,484 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 value of $63,179.56. Following the sale, the chief operating officer owned 258,632 shares of the company’s stock, valued at approximately $3,644,124.88. The trade was a 1.70% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 75,301 shares of company stock valued at $1,005,333 in the last quarter. Insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AWM Investment Company Inc. bought a new stake in shares of Spire Global in the second quarter valued at approximately $7,692,000. Bank of New York Mellon Corp bought a new position in Spire Global during the second quarter worth $1,737,000. Royal Bank of Canada raised its stake in Spire Global by 9.9% during the 1st quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock valued at $989,000 after purchasing an additional 7,113 shares during the last quarter. Bank of America Corp DE raised its stake in Spire Global by 27.1% during the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after purchasing an additional 16,227 shares during the last quarter. Finally, ARS Investment Partners LLC raised its stake in Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after purchasing an additional 785 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Spire Global Company Profile

Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.

Spire’s products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.