Spire Global (NYSE:SPIR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Spire Global (NYSE:SPIR) had its price objective lifted by Robert W. Baird from $9.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 18.69% from the company’s current price.

SPIR has been the subject of several other reports. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their target price for the company from $8.00 to $20.00 in a research report on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $12.00 price target (down from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.60.

Spire Global Trading Up 1.0 %

Shares of Spire Global stock opened at $13.48 on Thursday. The firm’s 50 day moving average is $9.91 and its 200 day moving average is $10.23. The firm has a market capitalization of $327.81 million, a PE ratio of -3.87 and a beta of 1.96. Spire Global has a 1 year low of $4.56 and a 1 year high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new stake in Spire Global in the first quarter worth approximately $27,000. Charles Schwab Investment Management Inc. grew its position in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after buying an additional 3,072 shares during the period. nVerses Capital LLC bought a new position in Spire Global during the second quarter worth $37,000. Quest Partners LLC boosted its stake in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Spire Global by 16.5% in the third quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after purchasing an additional 9,149 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

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.