Spire Global (NYSE:SPIR) Given New $16.00 Price Target at Robert W. Baird

Spire Global (NYSE:SPIR) had its price objective increased by Robert W. Baird from $9.00 to $16.00 in a research note published on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on SPIR. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target (down previously from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th. Finally, Craig Hallum raised 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 report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Performance

Shares of SPIR remained flat at $13.34 during trading hours on Thursday. 238,269 shares of the company traded hands, compared to its average volume of 418,245. The firm has a market cap of $324.40 million, a price-to-earnings ratio of -3.87 and a beta of 1.96. 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 fifty day moving average is $9.91 and its 200-day moving average is $10.23. Spire Global has a 1 year low of $4.56 and a 1 year high of $19.40.

Institutional Trading of Spire Global

Hedge funds have recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new position in Spire Global during the first quarter worth $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global during the second quarter valued at about $37,000. Quest Partners LLC increased its holdings in Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Spire Global in the second quarter valued at approximately $106,000. Finally, MetLife Investment Management LLC acquired a new position in Spire Global in the 3rd quarter valued at about $136,000. Institutional investors and hedge funds 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.