Spire Global’s (SPIR) Buy Rating Reaffirmed at Alliance Global Partners

Alliance Global Partners reaffirmed their buy rating on shares of Spire Global (NYSE:SPIRFree Report) in a report released on Thursday morning, Marketbeat reports.

SPIR has been the topic of several other reports. Stifel Nicolaus dropped their target price on shares of Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 16th. Robert W. Baird dropped their price target on shares of Spire Global from $20.00 to $15.00 and set an outperform rating on the stock in a research report on Thursday, May 16th. Craig Hallum initiated coverage on shares of Spire Global in a research report on Wednesday, June 5th. They issued a buy rating and a $13.00 price target on the stock. Finally, Canaccord Genuity Group dropped their target price on shares of Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $16.83.

Get Our Latest Research Report on Spire Global

Spire Global Stock Performance

Shares of SPIR opened at $10.52 on Thursday. The firm’s 50 day moving average is $10.18 and its 200-day moving average is $9.60. The stock has a market capitalization of $255.85 million, a P/E ratio of -3.02 and a beta of 1.97. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. Spire Global has a 12-month low of $2.80 and a 12-month high of $19.40.

Spire Global (NYSE:SPIRGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.21). The business had revenue of $25.69 million during the quarter, compared to analyst estimates of $28.08 million. Spire Global had a negative return on equity of 66.19% and a negative net margin of 66.72%. Equities research analysts anticipate that Spire Global will post -1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Spire Global

Several institutional investors and hedge funds have recently bought and sold shares of SPIR. Pathway Financial Advisers LLC bought a new position in Spire Global during the first quarter worth about $27,000. DNB Asset Management AS increased its holdings in shares of Spire Global by 5.4% during the fourth quarter. DNB Asset Management AS now owns 90,553 shares of the company’s stock worth $707,000 after buying an additional 4,680 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in shares of Spire Global during the first quarter worth approximately $176,000. Jump Financial LLC acquired a new stake in shares of Spire Global during the fourth quarter worth approximately $167,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the fourth quarter worth approximately $171,000. Institutional investors own 19.97% of the company’s stock.

About Spire Global

(Get Free Report)

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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Analyst Recommendations for Spire Global (NYSE:SPIR)

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