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

Shares of Spire Global, Inc. (NYSE:SPIR) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.20.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Spire Global in a report on Friday.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPIR. PFG Investments LLC purchased a new position in shares of Spire Global in the 1st quarter valued at $287,000. Granahan Investment Management LLC grew its position in Spire Global by 803.6% during the 1st quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company’s stock worth $9,216,000 after purchasing an additional 1,013,106 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Spire Global during the 1st quarter worth $10,056,000. Nuveen LLC purchased a new position in Spire Global during the 1st quarter worth $331,000. Finally, Herald Investment Management Ltd grew its position in Spire Global by 67.9% during the 2nd quarter. Herald Investment Management Ltd now owns 386,249 shares of the company’s stock worth $4,596,000 after purchasing an additional 156,249 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Spire Global Stock Up 4.8%

Spire Global stock opened at $11.56 on Friday. The firm has a market cap of $359.41 million, a PE ratio of -3.32 and a beta of 2.41. Spire Global has a 52-week low of $6.85 and a 52-week high of $21.43. The company’s 50 day moving average is $10.75 and its two-hundred day moving average is $10.58.

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.