Spire Global (OTCMKTS:SPIR) Updates FY 2022 Earnings Guidance

Spire Global (OTCMKTS:SPIRGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of -$0.43–$0.39 for the period, compared to the consensus EPS estimate of -$0.42. The company issued revenue guidance of $85.00 million-$90.00 million, compared to the consensus revenue estimate of $86.61 million.Spire Global also updated its Q2 2022 guidance to -$0.12–$0.11 EPS.

SPIR opened at $1.27 on Wednesday. Spire Global has a 52-week low of $1.25 and a 52-week high of $19.50. The business’s fifty day moving average is $1.77 and its 200-day moving average is $2.78.

Spire Global (OTCMKTS:SPIRGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The technology company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02.

Several equities analysts have commented on the company. Stifel Nicolaus initiated coverage on Spire Global in a research report on Thursday, March 3rd. They issued a buy rating and a $6.00 target price for the company. Piper Sandler decreased their price target on Spire Global from $6.50 to $4.30 and set a neutral rating for the company in a research note on Tuesday, February 1st. CJS Securities assumed coverage on Spire Global in a research note on Monday, March 28th. They issued an outperform rating and a $6.00 price target for the company. Raymond James assumed coverage on Spire Global in a research note on Thursday, April 21st. They set an outperform rating and a $4.00 target price for the company. Finally, Zacks Investment Research cut Spire Global from a hold rating to a sell rating in a research note on Tuesday, May 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Spire Global has an average rating of Hold and an average target price of $4.86.

Several hedge funds have recently bought and sold shares of SPIR. Advisor Group Holdings Inc. lifted its holdings in shares of Spire Global by 127.1% in the first quarter. Advisor Group Holdings Inc. now owns 11,678 shares of the technology company’s stock valued at $25,000 after purchasing an additional 6,535 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Spire Global in the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. lifted its holdings in shares of Spire Global by 13,117.0% in the fourth quarter. JPMorgan Chase & Co. now owns 13,217 shares of the technology company’s stock valued at $45,000 after purchasing an additional 13,117 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Spire Global in the first quarter valued at approximately $47,000. Finally, Cresset Asset Management LLC bought a new stake in Spire Global during the first quarter worth $54,000. Institutional investors own 88.76% of the company’s stock.

Spire Global Company Profile (Get Rating)

Spire Global, Inc provides space-based data, analytics, and space services worldwide. It offers its customers with access to datasets and insights about earth from the ultimate vantage point. The company provides current and historical data, insights, and predictive analytics for accurate ship monitoring, real-time vessel updates, port operations, and ship safety and route optimization; global satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; and space-based data, artificial intelligence-powered insights, and predictive weather analytics, as well as space-as-a-service solutions.

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Earnings History and Estimates for Spire Global (OTCMKTS:SPIR)

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