Spire Global, Inc. (NYSE:SPIR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $17.90.
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Alliance Global Partners raised shares of Spire Global from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, October 13th. Finally, Benchmark restated a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd.
Get Our Latest Stock Report on SPIR
Spire Global Trading Down 2.3%
Shares of Spire Global stock opened at $8.75 on Tuesday. Spire Global has a 12-month low of $6.60 and a 12-month high of $25.93. The company has a market cap of $342.14 million, a price-to-earnings ratio of -3.28 and a beta of 2.81. The company’s 50-day moving average price is $11.96 and its 200-day moving average price is $15.26.
Spire Global (NYSE:SPIR – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The firm had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.53 million. Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, sell-side analysts predict that Spire Global will post -1.50 earnings per share for the current year.
Insider Buying and Selling
In related news, 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 sale, the chief technology officer owned 215,107 shares in the company, valued at approximately $3,030,857.63. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Spire Global 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 sale, the director directly owned 83,667 shares of the company’s stock, valued at $1,176,358.02. This represents a 17.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,301 shares of company stock valued at $1,005,333 in the last ninety days. 13.04% of the stock is owned by insiders.
Hedge Funds Weigh In On Spire Global
A number of institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. purchased a new stake in shares of Spire Global in the 2nd quarter valued at about $7,692,000. Vontobel Holding Ltd. boosted its position in shares of Spire Global by 43.0% during 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 during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Spire Global during the 2nd quarter valued at about $1,737,000. Royal Bank of Canada grew its holdings in shares of Spire Global by 9.9% during the first quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock worth $989,000 after purchasing an additional 7,113 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Spire Global by 27.1% during 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 in the last quarter. 19.97% of the stock is currently owned by institutional investors.
About Spire Global
Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.
Spire’s products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.
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