Spire Global (NYSE:SPIR) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Spire Global (NYSE:SPIR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Spire Global in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.20.

Spire Global Trading Up 1.6%

Shares of SPIR traded up $0.14 during mid-day trading on Friday, hitting $8.89. The company’s stock had a trading volume of 606,256 shares, compared to its average volume of 483,667. The company’s 50-day moving average is $10.98 and its 200-day moving average is $10.68. Spire Global has a 52-week low of $6.85 and a 52-week high of $21.43. The firm has a market capitalization of $290.88 million, a price-to-earnings ratio of 18.14 and a beta of 2.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. 325 Capital LLC purchased a new stake in shares of Spire Global during the 1st quarter worth about $15,169,000. Alyeska Investment Group L.P. acquired a new position in Spire Global in the 1st quarter worth about $10,056,000. Granahan Investment Management LLC grew its holdings in Spire Global by 803.6% in the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company’s stock valued at $9,216,000 after purchasing an additional 1,013,106 shares during the period. Geode Capital Management LLC increased its position in shares of Spire Global by 27.5% in the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock valued at $7,879,000 after buying an additional 142,987 shares in the last quarter. Finally, Lane Generational LLC lifted its position in shares of Spire Global by 11.8% during the 2nd quarter. Lane Generational LLC now owns 542,741 shares of the company’s stock valued at $6,459,000 after buying an additional 57,124 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.