Spire Global (OTCMKTS:SPIR) PT Raised to $75.00 at Royal Bank of Canada

Spire Global (OTCMKTS:SPIRGet Rating) had its target price raised by Royal Bank of Canada from $69.00 to $75.00 in a research note issued to investors on Monday morning, The Fly reports.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group started coverage on Spire Global in a research note on Tuesday, August 30th. They issued a buy rating and a $3.50 price objective on the stock. Canaccord Genuity Group started coverage on Spire Global in a research report on Tuesday, August 30th. They issued a buy rating for the company. Finally, Credit Suisse Group started coverage on Spire Global in a research report on Tuesday, October 11th. They issued a neutral rating and a $2.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $12.82.

Spire Global Price Performance

Shares of OTCMKTS:SPIR opened at $1.39 on Monday. The business’s 50-day moving average is $1.24 and its 200-day moving average is $1.36. Spire Global has a 1 year low of $0.96 and a 1 year high of $4.87.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Spire Global by 136.7% in the first quarter. Vanguard Group Inc. now owns 4,812,174 shares of the technology company’s stock valued at $10,106,000 after purchasing an additional 2,778,876 shares during the last quarter. State Street Corp lifted its stake in Spire Global by 316.7% in the second quarter. State Street Corp now owns 1,732,213 shares of the technology company’s stock valued at $2,009,000 after purchasing an additional 1,316,502 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Spire Global by 500.7% in the first quarter. Renaissance Technologies LLC now owns 1,096,198 shares of the technology company’s stock valued at $2,302,000 after purchasing an additional 913,698 shares during the last quarter. Northern Trust Corp lifted its stake in Spire Global by 418.0% in the second quarter. Northern Trust Corp now owns 1,015,622 shares of the technology company’s stock valued at $1,178,000 after purchasing an additional 819,566 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Spire Global by 5.7% in the third quarter. BlackRock Inc. now owns 6,407,782 shares of the technology company’s stock valued at $6,920,000 after purchasing an additional 342,799 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Spire Global Company Profile

(Get Rating)

Spire Global, Inc develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc has a strategic partnership with TAC Index Limited. Spire Global, Inc was formerly known as Nanosatisfi, Inc and changed its name to Spire Global, Inc in July 2014.

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