Spire Global (NYSE:SPIR) Downgraded by Baird R W

Baird R W cut shares of Spire Global (NYSE:SPIR) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

SPIR has been the topic of a number of other research reports. Stifel Nicolaus cut their price objective 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. Craig Hallum lowered Spire Global from a buy rating to a hold rating and cut their price target for the stock from $13.00 to $8.00 in a report on Thursday. Canaccord Genuity Group reduced their price objective on Spire Global from $24.00 to $20.00 and set a buy rating for the company in a research note on Thursday, May 16th. Robert W. Baird reaffirmed a neutral rating and set a $9.00 target price (down from $15.00) on shares of Spire Global in a research report on Thursday. Finally, Alliance Global Partners reissued a buy rating on shares of Spire Global in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Spire Global presently has an average rating of Moderate Buy and a consensus price target of $15.00.

Spire Global Stock Up 4.7 %

Shares of NYSE:SPIR opened at $7.07 on Thursday. Spire Global has a 1 year low of $3.27 and a 1 year high of $19.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The business’s 50-day moving average is $11.29 and its 200-day moving average is $11.01. The company has a market capitalization of $171.93 million, a price-to-earnings ratio of -2.03 and a beta of 2.01.

Institutional Investors Weigh In On Spire Global

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,047 shares during the last quarter. Lane Generational LLC grew its stake in Spire Global by 15.4% in the 4th quarter. Lane Generational LLC now owns 423,018 shares of the company’s stock valued at $3,308,000 after buying an additional 56,348 shares in the last quarter. NewGen Asset Management Ltd raised its holdings in Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after acquiring an additional 325,000 shares during the period. Ancora Advisors LLC lifted 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 worth $3,953,000 after acquiring an additional 267,197 shares in the last quarter. Finally, CVI Holdings LLC purchased a new stake in Spire Global during the 1st quarter worth about $3,131,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.