Spire Global, Inc. (NYSE:SPIR) Receives $16.70 Consensus Target Price from Analysts

by · The Markets Daily

Spire Global, Inc. (NYSE:SPIR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.70.

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

Get Our Latest Research Report on SPIR

Insider Activity

In other news, CFO Alison K. Engel sold 12,702 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $242,354.16. Following the transaction, the chief financial officer directly owned 265,838 shares of the company’s stock, valued at $5,072,189.04. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the transaction, the chief technology officer directly owned 218,096 shares in the company, valued at approximately $4,159,090.72. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 55,297 shares of company stock valued at $1,052,433. Corporate insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. bought a new position in Spire Global in the second quarter valued at about $25,000. Russell Investments Group Ltd. bought a new position in Spire Global in the third quarter valued at about $25,000. BNP Paribas Financial Markets lifted its holdings in 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 acquiring an additional 1,260 shares during the period. Tower Research Capital LLC TRC lifted its holdings in 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 acquiring an additional 1,699 shares during the period. Finally, Leonteq Securities AG bought a new position in Spire Global in the fourth quarter valued at about $44,000. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Down 1.1%

Spire Global stock opened at $18.77 on Tuesday. The business’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $13.49. Spire Global has a 12 month low of $6.60 and a 12 month high of $25.93. The company has a market capitalization of $726.59 million, a price-to-earnings ratio of 11.96 and a beta of 2.48.

Spire Global (NYSE:SPIR – Get Free Report) last released its 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 business had revenue of $13.92 million for the quarter, compared to the consensus estimate 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 predict that Spire Global will post -1.35 EPS for the current year.

About Spire Global

(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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