Spire Global, Inc. (NYSE:SPIR) Given Average Recommendation of “Buy” by Brokerages

Spire Global, Inc. (NYSE:SPIR) 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.

Hedge Funds Weigh In On Spire Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global in the 1st quarter worth approximately $27,000. Jump Financial LLC purchased a new position in Spire Global during the 4th quarter valued at $167,000. Russell Investments Group Ltd. purchased a new position in Spire Global during the 4th quarter valued at $171,000. K.J. Harrison & Partners Inc purchased a new position in Spire Global during the 1st quarter valued at $176,000. Finally, Bank of New York Mellon Corp purchased a new position in Spire Global during the 2nd quarter valued at $722,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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) 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.