Spire Global, Inc. (NYSE:SPIR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.70.

SPIR has been the subject of several research reports. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Benchmark reissued a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th.

Insider Buying and Selling

In other news, CFO Alison K. Engel sold 4,286 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $14.09, for a total transaction of $60,389.74. Following the sale, the chief financial officer owned 261,552 shares of the company’s stock, valued at approximately $3,685,267.68. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen Messer sold 17,986 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $14.06, for a total value of $252,883.16. Following the completion of the sale, the director owned 83,667 shares in the company, valued at approximately $1,176,358.02. The trade was a 17.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,347 shares of company stock worth $807,480 over the last three months. 13.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Leonteq Securities AG purchased a new stake in Spire Global during the 4th quarter worth about $44,000. Integrated Wealth Concepts LLC acquired a new stake in Spire Global in the 2nd quarter valued at about $184,000. Granite Investment Partners LLC purchased a new position in shares of Spire Global in the 1st quarter valued at about $129,000. Parvin Asset Management LLC boosted its stake in shares of Spire Global by 11.4% in the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after buying an additional 1,200 shares during the period. Finally, ARS Investment Partners LLC grew its position in shares of Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after buying an additional 785 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Trading Up 0.5%

Shares of NYSE SPIR opened at $12.27 on Friday. Spire Global has a twelve month low of $6.60 and a twelve month high of $25.93. The stock has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $15.42. The stock has a market capitalization of $479.92 million, a PE ratio of -4.59 and a beta of 2.58.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. The firm had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, equities analysts predict that Spire Global will post -1.5 earnings per share for the current year.

About Spire Global

Spire Global, Inc (NYSE:SPIR) is a space-based data and analytics company that operates a constellation of satellites designed to collect information about the Earth’s atmosphere, oceans and commercial activity. The company combines satellite observations with cloud-based processing and artificial intelligence to deliver data, insights and predictive analytics to government and commercial customers.

Its offerings include weather and climate data generated through radio occultation, as well as maritime and aviation intelligence.