Robert W. Baird Increases Spire Global (NYSE:SPIR) Price Target to $16.00

Spire Global (NYSE:SPIR) had its price target hoisted by Robert W. Baird from $9.00 to $16.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a report on Thursday. Canaccord Genuity Group reaffirmed 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. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Up 1.0 %

Spire Global stock opened at $13.48 on Thursday. The business has a fifty day moving average of $10.02 and a two-hundred day moving average of $10.25. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm has a market cap of $327.83 million, a P/E ratio of -3.87 and a beta of 1.96. Spire Global has a twelve month low of $4.56 and a twelve month high of $19.40.

Hedge Funds Weigh In On Spire Global

Several hedge funds have recently made changes to their positions in SPIR. NewGen Asset Management Ltd increased its position in shares of Spire Global by 406.3% in 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 increased its position in shares of Spire Global by 429.2% in the 1st quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after acquiring an additional 267,197 shares during the period. State Street Corp increased its position in shares of Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after acquiring an additional 148,803 shares during the period. Vanguard Group Inc. increased its position in shares of Spire Global by 23.1% in the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after acquiring an additional 144,047 shares during the period. Finally, Stifel Financial Corp grew its position in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares during the period. 19.97% of the stock is owned by institutional investors and hedge funds.

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.