Baird R W cut shares of Spire Global (NYSE:SPIR – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.
SPIR has been the topic of a number of other research reports. Stifel Nicolaus cut their price objective on shares of Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 16th. Craig Hallum lowered Spire Global from a buy rating to a hold rating and cut their price target for the stock from $13.00 to $8.00 in a report on Thursday. Canaccord Genuity Group reduced their price objective on Spire Global from $24.00 to $20.00 and set a buy rating for the company in a research note on Thursday, May 16th. Robert W. Baird reaffirmed a neutral rating and set a $9.00 target price (down from $15.00) on shares of Spire Global in a research report on Thursday. Finally, Alliance Global Partners reissued a buy rating on shares of Spire Global in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Spire Global presently has an average rating of Moderate Buy and a consensus price target of $15.00.
View Our Latest Analysis on SPIR
Spire Global Stock Up 4.7 %
Institutional Investors Weigh In On Spire Global
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,047 shares during the last quarter. Lane Generational LLC grew its stake in Spire Global by 15.4% in the 4th quarter. Lane Generational LLC now owns 423,018 shares of the company’s stock valued at $3,308,000 after buying an additional 56,348 shares in the last quarter. NewGen Asset Management Ltd raised its holdings in Spire Global by 406.3% during 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 lifted its position in shares of Spire Global by 429.2% during the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock worth $3,953,000 after acquiring an additional 267,197 shares in the last quarter. Finally, CVI Holdings LLC purchased a new stake in Spire Global during the 1st quarter worth about $3,131,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.
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.
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