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

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

Several other analysts have also weighed in on the stock. Raymond James reiterated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Robert W. Baird upped their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Spire Global Stock Up 0.8 %

Shares of Spire Global stock opened at $13.59 on Friday. The firm has a market cap of $330.51 million, a price-to-earnings ratio of -3.91 and a beta of 1.96. The stock’s 50-day moving average is $10.14 and its 200 day moving average is $10.28. 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 one year low of $4.56 and a one year high of $19.40.

Institutional Trading of Spire Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Spire Global by 9.0% during the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after buying an additional 41,612 shares during the last quarter. Barclays PLC raised its position in Spire Global by 321.5% in the 3rd quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after buying an additional 24,312 shares during the last quarter. XTX Topco Ltd bought a new position in Spire Global during the 3rd quarter valued at $392,000. Jane Street Group LLC boosted its holdings in Spire Global by 96.4% during the 3rd quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock worth $554,000 after acquiring an additional 27,219 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after acquiring an additional 148,803 shares in the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

About Spire Global

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.