Spire Global, Inc. (NYSE:SPIR) Stock Has Consensus Price Target of $17.90 According to Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have received an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.90.

Several analysts have recently commented on the company. Alliance Global Partners upgraded Spire Global from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, October 13th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. Finally, Benchmark reiterated a “buy” rating on shares of Spire Global in a report on Monday, August 3rd.

Spire Global Price Performance

Shares of SPIR opened at $9.14 on Tuesday. Spire Global has a 52-week low of $6.60 and a 52-week high of $25.93. The business’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $13.76.

Spire Global (NYSE:SPIR) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%. The company had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. As a group, research analysts forecast that Spire Global will post -1.50 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Theresa Condor sold 22,502 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total value of $317,053.18. Following the transaction, the chief executive officer directly owned 948,686 shares in the company, valued at $13,366,985.74. This trade represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Oehme sold 2,989 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total value of $42,115.01. Following the completion of the transaction, the chief technology officer owned 215,107 shares in the company, valued at approximately $3,030,857.63. This represents a 1.37% 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. Over the last 90 days, insiders have sold 75,301 shares of company stock valued at $1,005,333. Corporate insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPIR. AWM Investment Company Inc. bought a new position in shares of Spire Global in the second quarter valued at $7,692,000. Vontobel Holding Ltd. lifted its position in Spire Global by 43.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 298,080 shares of the company’s stock valued at $3,333,000 after acquiring an additional 89,622 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Spire Global in the 2nd quarter valued at about $1,737,000. Royal Bank of Canada lifted its position in Spire Global by 9.9% in the 1st quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock valued at $989,000 after acquiring an additional 7,113 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after acquiring an additional 16,227 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global, Inc (NYSE:SPIR) is a space-based data and analytics company that develops, owns and operates a constellation of small satellites and related ground infrastructure. The company collects data from space and delivers it through cloud-based platforms, helping organizations monitor conditions and activity across the atmosphere, oceans and global communications environment.

Spire’s products and services include weather and climate data derived from satellite observations and GNSS radio occultation, maritime intelligence based on automatic identification system data, aviation information, and radio-frequency analytics.