Spire Global, Inc. (NYSE:SPIR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.70.

SPIR has been the topic of several recent analyst reports. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th.

Insider Buying and Selling at Spire Global

In related news, CTO Johann Gabriel Oehme sold 3,107 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the sale, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 24,644 shares of Spire Global stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the completion of the transaction, the chief executive officer owned 963,670 shares in the company, valued at approximately $18,377,186.90. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 55,297 shares of company stock valued at $1,052,433. 13.04% of the stock is owned by insiders.

Institutional Trading of Spire Global

Several hedge funds have recently modified their holdings of SPIR. DNB Asset Management AS purchased a new stake in Spire Global during the fourth quarter worth approximately $933,000. Tudor Investment Corp ET AL purchased a new position in shares of Spire Global in the 3rd quarter valued at $396,000. JPMorgan Chase & Co. raised its stake in shares of Spire Global by 77.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,877 shares of the company’s stock valued at $372,000 after acquiring an additional 14,758 shares during the period. tru Independence LLC acquired a new position in shares of Spire Global during the 4th quarter valued at $79,000. Finally, Parvin Asset Management LLC lifted its holdings in shares of Spire Global by 11.4% during the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after acquiring an additional 1,200 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Stock Performance

Shares of NYSE:SPIR traded down $1.28 during trading on Friday, hitting $14.76. The company’s stock had a trading volume of 1,186,175 shares, compared to its average volume of 1,218,811. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $25.93. The business has a 50 day moving average price of $18.62 and a two-hundred day moving average price of $14.37. The company has a market capitalization of $571.44 million, a PE ratio of 9.40 and a beta of 2.51.

Spire Global (NYSE:SPIR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The business had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. As a group, equities analysts expect that Spire Global will post -1.35 earnings per share for the current fiscal year.

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.