Weiss Ratings Reaffirms “Sell (E+)” Rating for Spire Global (NYSE:SPIR)

Spire Global (NYSE:SPIR)‘s stock had its “sell (e+)” rating reissued by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Spire Global Stock Up 4.8%

Shares of SPIR opened at $11.56 on Friday. The company has a market cap of $359.41 million, a price-to-earnings ratio of -3.32 and a beta of 2.41. Spire Global has a twelve month low of $6.85 and a twelve month high of $21.43. The company has a 50 day moving average of $10.75 and a two-hundred day moving average of $10.58.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $179,000 after buying an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after buying an additional 1,699 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Spire Global by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company’s stock worth $427,000 after buying an additional 1,712 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after buying an additional 2,062 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.