Spire Global, Inc. (NYSE:SPIR – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.83.
A number of research analysts have recently weighed in on SPIR shares. Robert W. Baird lowered their price objective on Spire Global from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Canaccord Genuity Group lowered their price objective on Spire Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Alliance Global Partners reissued a “buy” rating on shares of Spire Global in a research note on Thursday, June 13th. Craig Hallum initiated coverage on Spire Global in a research note on Wednesday, June 5th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Stifel Nicolaus reduced their price objective on Spire Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th.
Check Out Our Latest Report on SPIR
Hedge Funds Weigh In On Spire Global
Spire Global Trading Down 3.4 %
Shares of NYSE:SPIR opened at $13.84 on Thursday. The stock has a market capitalization of $336.59 million, a price-to-earnings ratio of -3.98 and a beta of 2.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. The stock’s 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $10.64. Spire Global has a 52-week low of $3.27 and a 52-week high of $19.40.
Spire Global (NYSE:SPIR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). Spire Global had a negative net margin of 66.72% and a negative return on equity of 66.19%. The company had revenue of $25.69 million for the quarter, compared to analysts’ expectations of $28.08 million. Analysts expect that Spire Global will post -1.69 EPS for the current year.
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.
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