Spire Global, Inc. (NYSE:SPIR) Stock Has Consensus Target Price of $16.70 According to Analysts

Shares of Spire Global, Inc. (NYSE:SPIR – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.70.

Several analysts have issued reports on the company. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the stock a “buy” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. Finally, Benchmark reaffirmed a “buy” rating on shares of Spire Global in a report on Monday, August 3rd.

Read Our Latest Stock Report on Spire Global

Spire Global Stock Performance

Shares of NYSE:SPIR opened at $10.99 on Friday. Spire Global has a 52-week low of $6.60 and a 52-week high of $25.93. The firm has a fifty day moving average of $12.51 and a 200 day moving average of $15.45. The firm has a market capitalization of $429.77 million, a PE ratio of -4.11 and a beta of 2.81.

Spire Global (NYSE:SPIR – Get Free Report) last issued its quarterly earnings results 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 return on equity of 54.03% and a negative net margin of 145.22%.The firm had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, sell-side analysts forecast that Spire Global will post -1.5 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Peter Platzer sold 5,100 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $14.09, for a total value of $71,859.00. Following the completion of the sale, the chairman owned 1,473,468 shares of the company’s stock, valued at approximately $20,761,164.12. The trade was a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Pelez sold 4,484 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $63,179.56. Following the sale, the chief operating officer owned 258,632 shares of the company’s stock, valued at $3,644,124.88. This represents a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 57,347 shares of company stock valued at $807,480. Company insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in Spire Global during the 2nd quarter valued at $1,737,000. AWM Investment Company Inc. purchased a new stake in shares of Spire Global during the second quarter worth about $7,692,000. Integrated Wealth Concepts LLC bought a new stake in shares of Spire Global in the second quarter worth about $184,000. Bank of America Corp DE grew its stake in shares of Spire Global by 27.1% in the first quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock worth $957,000 after purchasing an additional 16,227 shares during the last quarter. Finally, Parvin Asset Management LLC increased its holdings in Spire Global by 11.4% during the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Spire Global (NYSE:SPIR)

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