Brokerages Set Spire Global, Inc. (NYSE:SPIR) Price Target at $18.20

Spire Global, Inc. (NYSE:SPIR) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.20.

Several equities analysts have commented on the company. Robert W. Baird upped their price target on Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Canaccord Genuity Group boosted their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 29th.

Spire Global Stock Performance

NYSE:SPIR opened at $9.74 on Monday. The firm’s 50-day moving average is $11.03 and its 200-day moving average is $11.31. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43. The company has a market cap of $302.72 million, a price-to-earnings ratio of -2.80 and a beta of 2.38.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 20,799 shares of Spire Global stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $10.92, for a total transaction of $227,125.08. Following the completion of the transaction, the chairman directly owned 1,593,400 shares of the company’s stock, valued at approximately $17,399,928. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Messer sold 16,660 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the sale, the director directly owned 82,062 shares in the company, valued at approximately $890,372.70. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,557 shares of company stock worth $2,259,464 over the last quarter. Company insiders own 14.68% of the company’s stock.

Institutional Trading of Spire Global

Several hedge funds have recently modified their holdings of SPIR. Vanguard Group Inc. increased its holdings in Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after purchasing an additional 64,632 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Spire Global during the first quarter worth $287,000. EAM Investors LLC acquired a new stake in shares of Spire Global in the fourth quarter valued at $700,000. Squarepoint Ops LLC bought a new position in shares of Spire Global in the fourth quarter valued at about $397,000. Finally, Granahan Investment Management LLC acquired a new position in Spire Global during the 4th quarter worth about $1,774,000. 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.