Raymond James Reaffirms “Market Perform” Rating for Spire Global (NYSE:SPIR)

Raymond James reaffirmed their market perform rating on shares of Spire Global (NYSE:SPIR) in a research report report published on Wednesday, MarketBeat reports.

A number of other research firms also recently commented on SPIR. Craig Hallum downgraded shares of Spire Global from a buy rating to a hold rating and dropped their target price for the company from $13.00 to $8.00 in a research report on Thursday, August 15th. Canaccord Genuity Group cut their target price on Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a research report on Thursday, May 16th. Stifel Nicolaus decreased their target price on Spire Global from $24.00 to $20.00 and set a buy rating for the company in a research report on Thursday, May 16th. Alliance Global Partners restated a buy rating on shares of Spire Global in a research note on Thursday, June 13th. Finally, Robert W. Baird reiterated a neutral rating and issued a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $15.00.

Spire Global Stock Performance

Shares of Spire Global stock opened at $8.58 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global has a 52 week low of $3.27 and a 52 week high of $19.40. The firm’s 50 day moving average is $10.89 and its two-hundred day moving average is $10.97. The firm has a market capitalization of $208.65 million, a P/E ratio of -2.48 and a beta of 2.01.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new position in Spire Global during the 1st quarter worth approximately $27,000. nVerses Capital LLC acquired a new position in shares of Spire Global during the 2nd quarter worth $37,000. K.J. Harrison & Partners Inc purchased a new position in shares of Spire Global in the 1st quarter valued at about $176,000. Herald Investment Management Ltd lifted its stake in shares of Spire Global by 10.0% in the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock valued at $1,784,000 after purchasing an additional 15,000 shares during the period. Finally, Jump Financial LLC purchased a new stake in Spire Global during the fourth quarter worth about $167,000. 19.97% of the stock is owned by hedge funds and other 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.