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

Spire Global, Inc. (NYSE:SPIR) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.30.

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Finally, HC Wainwright reissued 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 Down 4.4%

Spire Global stock opened at $19.19 on Friday. Spire Global has a twelve month low of $6.60 and a twelve month high of $23.59. The firm has a 50 day moving average price of $16.31 and a 200-day moving average price of $11.82. The company has a market capitalization of $742.73 million, a P/E ratio of 12.22 and a beta of 2.42.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. Equities analysts expect that Spire Global will post -1.39 EPS for the current fiscal year.

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 1,800 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $18.31, for a total transaction of $32,958.00. Following the completion of the transaction, the chairman directly owned 1,485,752 shares of the company’s stock, valued at $27,204,119.12. This represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,002 shares of company stock worth $93,536. 13.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. ARS Investment Partners LLC boosted its holdings in Spire Global by 2.6% in the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after buying an additional 785 shares during the period. Atlantic Private Wealth LLC boosted 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 worth $33,000 after buying an additional 1,000 shares during the period. Parvin Asset Management LLC boosted its holdings in Spire Global by 11.4% in the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after buying an additional 1,200 shares during the period. BNP Paribas Financial Markets boosted 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 worth $33,000 after buying an additional 1,260 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $179,000 after buying an additional 1,695 shares during the period. 19.97% of the stock is owned by institutional investors.

Spire Global Company Profile

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.