Spire Global (NYSE:SPIR) Stock Price Expected to Rise, Alliance Global Partners Analyst Says

Spire Global (NYSE:SPIR) had its price target hoisted by investment analysts at Alliance Global Partners from $17.00 to $24.00 in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the stock. Alliance Global Partners’ price objective suggests a potential upside of 67.13% from the company’s previous close.

Several other equities research analysts also recently weighed in on SPIR. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Robert W. Baird increased their price objective on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their price target for the company from $8.00 to $20.00 in a research report on Thursday. Raymond James restated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 target price (down from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and an average target price of $18.40.

Spire Global Price Performance

Spire Global stock traded up $0.91 during midday trading on Thursday, reaching $14.36. The company’s stock had a trading volume of 766,166 shares, compared to its average volume of 417,336. The business has a 50-day moving average price of $9.81 and a 200-day moving average price of $10.21. Spire Global has a 52 week low of $4.56 and a 52 week high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The stock has a market cap of $349.24 million, a PE ratio of -4.16 and a beta of 1.96.

Institutional Investors Weigh In On Spire Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC acquired a new stake in Spire Global in the third quarter valued at approximately $136,000. Penserra Capital Management LLC grew its position in Spire Global by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after purchasing an additional 9,149 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares in the last quarter. Quest Partners LLC raised its holdings in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after buying an additional 8,699 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of Spire Global in the third quarter valued at $172,000. 19.97% of the stock is owned by 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.