Spire Global, Inc. (NYSE:SPIR) Receives $11.58 Consensus Price Target from Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.4167.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Spire Global in a research note on Monday, December 22nd. Alliance Global Partners lowered Spire Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, December 18th.

Insider Buying and Selling at Spire Global

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

Institutional Trading of Spire Global

Several institutional investors have recently modified their holdings of the company. Atlantic Private Wealth LLC increased its position in shares of Spire Global by 50.0% during the third 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. BNP Paribas Financial Markets increased its holdings in Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after buying an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Spire Global by 12.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after buying an additional 1,695 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after buying an additional 1,699 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after acquiring an additional 2,062 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Up 5.2%

Shares of SPIR stock opened at $12.95 on Friday. Spire Global has a 12 month low of $6.60 and a 12 month high of $21.43. The company has a market cap of $428.65 million, a PE ratio of 34.08 and a beta of 2.44. The business’s 50 day moving average is $9.08 and its two-hundred day moving average is $10.04.

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.