Spire Global, Inc. (NYSE:SPIR) Receives Consensus Rating of “Hold” from Analysts

Shares of Spire Global, Inc. (NYSE:SPIR) have been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.4167.

SPIR has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Stifel Nicolaus set a $14.00 target price on Spire Global and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spire Global in a report on Monday, December 22nd.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently added to or reduced their stakes in the stock. Atlantic Private Wealth LLC grew its position in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares during the period. BNP Paribas Financial Markets increased its position in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Spire Global by 12.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after buying an additional 1,695 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after buying an additional 1,699 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after acquiring an additional 2,062 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Stock Down 7.3%

SPIR stock opened at $10.16 on Wednesday. The firm has a market capitalization of $336.30 million, a PE ratio of 26.74 and a beta of 2.47. Spire Global has a twelve month low of $6.60 and a twelve month high of $21.43. The stock’s 50 day moving average is $9.91 and its 200-day moving average is $9.99.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.