Raymond James reaffirmed their market perform rating on shares of Spire Global (NYSE:SPIR – Free Report) in a research report report published on Wednesday, MarketBeat reports.
A number of other research firms also recently commented on SPIR. Craig Hallum downgraded shares of Spire Global from a buy rating to a hold rating and dropped their target price for the company from $13.00 to $8.00 in a research report on Thursday, August 15th. Canaccord Genuity Group cut their target price on 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 decreased their target price on Spire Global from $24.00 to $20.00 and set a buy rating for the company in a research report on Thursday, May 16th. Alliance Global Partners restated a buy rating on shares of Spire Global in a research note on Thursday, June 13th. Finally, Robert W. Baird reiterated a neutral rating and issued a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $15.00.
Check Out Our Latest Stock Report on Spire Global
Spire Global Stock Performance
Institutional Trading of Spire Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new position in Spire Global during the 1st quarter worth approximately $27,000. nVerses Capital LLC acquired a new position in shares of Spire Global during the 2nd quarter worth $37,000. K.J. Harrison & Partners Inc purchased a new position in shares of Spire Global in the 1st quarter valued at about $176,000. Herald Investment Management Ltd lifted its stake in shares of Spire Global by 10.0% in the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock valued at $1,784,000 after purchasing an additional 15,000 shares during the period. Finally, Jump Financial LLC purchased a new stake in Spire Global during the fourth quarter worth about $167,000. 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.
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