Spire Global (NYSE:SPIR) Upgraded to “Buy” at Craig Hallum

Craig Hallum upgraded shares of Spire Global (NYSE:SPIR) from a hold rating to a buy rating in a report published on Thursday, MarketBeat reports. Craig Hallum currently has $20.00 price objective on the stock, up from their previous price objective of $8.00.

SPIR has been the topic of a number of other reports. Robert W. Baird reiterated a “neutral” rating and set a $9.00 price target (down from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Raymond James reiterated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price target (down from $20.00) on shares of Spire Global in a research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Spire Global Stock Down 0.1 %

Shares of SPIR stock traded down $0.01 during trading hours on Thursday, reaching $13.33. The company had a trading volume of 227,383 shares, compared to its average volume of 418,170. The company has a market cap of $324.16 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. Spire Global has a 12 month low of $4.56 and a 12 month high of $19.40. The business has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $10.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPIR. NewGen Asset Management Ltd increased its position in shares of Spire Global by 406.3% in the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after purchasing an additional 325,000 shares during the last quarter. Ancora Advisors LLC boosted its stake in Spire Global by 429.2% in the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock worth $3,953,000 after buying an additional 267,197 shares in the last quarter. State Street Corp boosted its stake in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after buying an additional 148,803 shares in the last quarter. Vanguard Group Inc. boosted its stake in Spire Global by 23.1% in the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after buying an additional 144,047 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after buying an additional 76,119 shares in the last quarter. 19.97% of the stock is currently 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.