Spire Global, Inc. (NYSE:SPIR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Spire Global, Inc. (NYSE:SPIR – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.70.

Several research analysts have recently commented on SPIR shares. Stifel Nicolaus set a $24.00 price target on Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th.

Get Our Latest Stock Analysis on Spire Global

Spire Global Trading Up 1.2%

SPIR opened at $18.45 on Tuesday. The firm has a market cap of $714.16 million, a price-to-earnings ratio of 11.75 and a beta of 2.48. Spire Global has a 12 month low of $6.60 and a 12 month high of $25.93. The stock has a fifty day moving average price of $19.01 and a 200-day moving average price of $13.24.

Spire Global (NYSE:SPIR – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.01. The firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. On average, equities research analysts forecast that Spire Global will post -1.35 EPS for the current year.

Insider Activity at Spire Global

In related news, CEO Theresa Condor sold 24,644 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $469,961.08. Following the transaction, the chief executive officer directly owned 963,670 shares of the company’s stock, valued at $18,377,186.90. This represents a 2.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Peter Platzer sold 7,184 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the transaction, the chairman directly owned 1,478,568 shares in the company, valued at $28,211,077.44. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 58,299 shares of company stock worth $1,091,038 over the last ninety days. Corporate insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new position in shares of Spire Global in the second quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global in the third quarter valued at about $25,000. BNP Paribas Financial Markets increased its holdings in shares of Spire Global by 84.6% in the second 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 during the period. Leonteq Securities AG acquired a new position in shares of Spire Global in the fourth quarter valued at about $44,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Spire Global by 71.2% in the second 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

(Get Free Report)

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.

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