Spire Global (NYSE:SPIR) Raised to Buy at Craig Hallum

Craig Hallum upgraded shares of Spire Global (NYSE:SPIR) from a hold rating to a buy rating in a report published on Thursday morning, Marketbeat.com reports. The brokerage currently has $20.00 price objective on the stock, up from their prior price objective of $8.00.

Other equities research analysts have also recently issued research reports about the company. Raymond James restated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Robert W. Baird reissued a “neutral” rating and issued a $9.00 target price (down previously from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price objective (down from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Spire Global Stock Up 1.0 %

NYSE:SPIR opened at $13.48 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm’s fifty day simple moving average is $10.02 and its 200-day simple moving average is $10.25. Spire Global has a fifty-two week low of $4.56 and a fifty-two week high of $19.40.

Institutional Investors Weigh In On Spire Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new position in Spire Global in the 1st quarter valued at about $27,000. Charles Schwab Investment Management Inc. raised its stake in Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares during the last quarter. nVerses Capital LLC acquired a new position in Spire Global in the 2nd quarter valued at about $37,000. Quest Partners LLC raised its stake in Spire Global by 869,900.0% in the 3rd 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 during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Spire Global by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after purchasing an additional 9,149 shares during the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.