Spire Global (NYSE:SPIR) Price Target Raised to $18.00

Spire Global (NYSE:SPIR) had its target price boosted by Canaccord Genuity Group from $12.00 to $18.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on SPIR. Robert W. Baird upped their target price on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $20.00 in a report on Thursday. Alliance Global Partners boosted their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.60.

Spire Global Stock Up 1.0 %

Shares of NYSE:SPIR traded up $0.14 on Friday, reaching $13.48. The company had a trading volume of 327,383 shares, compared to its average volume of 418,640. The stock has a market capitalization of $327.81 million, a P/E ratio of -3.87 and a beta of 1.96. The stock has a 50-day moving average price of $10.02 and a 200 day moving average price of $10.25. Spire Global has a twelve month low of $4.56 and a twelve month high of $19.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently added to or reduced their stakes in SPIR. Pathway Financial Advisers LLC acquired a new position in Spire Global in the 1st quarter valued at approximately $27,000. nVerses Capital LLC bought a new stake in shares of Spire Global during the second quarter valued at approximately $37,000. Quest Partners LLC raised its stake in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Spire Global in the second quarter worth $106,000. Finally, MetLife Investment Management LLC bought a new stake in Spire Global in the 3rd quarter valued at $136,000. 19.97% of the stock is 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.