2,290 Shares in Spire Global, Inc. (NYSE:SPIR) Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new position in Spire Global, Inc. (NYSE:SPIR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,290 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPIR. K.J. Harrison & Partners Inc purchased a new position in shares of Spire Global in the first quarter valued at about $176,000. Jump Financial LLC purchased a new position in shares of Spire Global in the fourth quarter worth $167,000. Russell Investments Group Ltd. bought a new position in shares of Spire Global during the fourth quarter worth $171,000. CVI Holdings LLC bought a new stake in Spire Global in the 1st quarter valued at $3,131,000. Finally, Ancora Advisors LLC grew its position in shares of Spire Global by 429.2% during the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after purchasing an additional 267,197 shares in the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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 shares of Spire Global in a research note on Wednesday, June 5th. They issued a “buy” rating and a $13.00 price objective for the company. Canaccord Genuity Group decreased 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. 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. Finally, Robert W. Baird dropped their target price on Spire Global from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.83.

Spire Global Trading Down 3.9 %

SPIR traded down $0.49 during trading hours on Friday, reaching $12.03. 330,041 shares of the company’s stock traded hands, compared to its average volume of 365,857. The firm has a 50-day moving average price of $11.20 and a 200 day moving average price of $10.79. The firm has a market capitalization of $292.57 million, a PE ratio of -3.46 and a beta of 2.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 52-week low of $3.27 and a 52-week high of $19.40.

Spire Global (NYSE:SPIR) last issued its earnings results on Wednesday, May 15th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). The company had revenue of $25.69 million for the quarter, compared to analysts’ expectations of $28.08 million. Spire Global had a negative net margin of 66.72% and a negative return on equity of 66.19%. As a group, sell-side analysts predict that Spire Global, Inc. will post -1.69 EPS for the current fiscal year.

Spire Global 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.