Spire Global (NYSE:SPIR) Price Target Raised to $24.00

Spire Global (NYSE:SPIR) had its price objective increased by Alliance Global Partners from $17.00 to $24.00 in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on SPIR. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 price target (down from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Robert W. Baird raised their price target on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Finally, Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $20.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Spire Global Stock Up 1.0 %

Shares of NYSE:SPIR opened at $13.48 on Thursday. Spire Global has a 12-month low of $4.56 and a 12-month high of $19.40. The business has a 50-day moving average price of $10.02 and a 200 day moving average price of $10.25. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24.

Institutional Investors Weigh In On Spire Global

Several large investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC purchased a new position in Spire Global in the first quarter worth approximately $27,000. Charles Schwab Investment Management Inc. lifted its position in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Spire Global during the second quarter worth $37,000. Quest Partners LLC increased its holdings in Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Spire Global by 16.5% in the third quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after buying an additional 9,149 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Company 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.