Spire Global (NYSE:SPIR) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Spire Global (NYSE:SPIR) from a sell rating to a strong sell rating in a report released on Saturday.

A number of other equities research analysts have also recently weighed in on SPIR. Alliance Global Partners restated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. Finally, Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.70.

Spire Global Stock Performance

Shares of SPIR opened at $10.96 on Friday. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $25.93. The company has a market capitalization of $424.07 million, a price-to-earnings ratio of 6.98 and a beta of 2.51. The firm has a 50-day simple moving average of $18.06 and a 200-day simple moving average of $14.62.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. Equities research analysts forecast that Spire Global will post -1.35 EPS for the current year.

Insider Activity

In other news, 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 completion of the transaction, the chief technology officer directly owned 218,096 shares in the company, valued at approximately $4,159,090.72. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total transaction of $137,070.72. Following the sale, the chairman directly owned 1,478,568 shares of the company’s stock, valued at approximately $28,211,077.44. The trade was 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 52,297 shares of company stock worth $997,503 in the last ninety days. 13.04% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

Large investors have recently modified their holdings of the business. DNB Asset Management AS purchased a new position in shares of Spire Global during the 4th quarter valued at approximately $933,000. Tudor Investment Corp ET AL bought a new stake in shares of Spire Global in the third quarter worth $396,000. JPMorgan Chase & Co. increased its stake in shares of Spire Global by 77.2% in the third quarter. JPMorgan Chase & Co. now owns 33,877 shares of the company’s stock worth $372,000 after buying an additional 14,758 shares during the last quarter. tru Independence LLC acquired a new stake in Spire Global in the fourth quarter valued at $79,000. Finally, Parvin Asset Management LLC raised its holdings in Spire Global by 11.4% in the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after acquiring an additional 1,200 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.