Spire Global (NYSE:SPIR) Price Target Raised to $24.00 at Alliance Global Partners

Spire Global (NYSE:SPIR) had its price objective boosted by Alliance Global Partners from $17.00 to $24.00 in a research note issued to investors on Thursday, Marketbeat.com reports. Alliance Global Partners currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on SPIR. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 target price (down from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.00 to $20.00 in a research note on Thursday. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Raymond James restated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Finally, Robert W. Baird boosted their price objective on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Performance

Spire Global stock opened at $13.48 on Thursday. The firm’s 50 day simple moving average is $10.02 and its 200-day simple moving average is $10.25. Spire Global has a fifty-two week low of $4.56 and a fifty-two week high of $19.40. The company has a market cap of $327.83 million, a P/E 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.

Institutional Investors Weigh In On Spire Global

Several large investors have recently made changes to their positions in SPIR. Vanguard Group Inc. lifted its position in Spire Global by 23.1% during the 1st 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 period. Russell Investments Group Ltd. boosted its holdings in shares of Spire Global by 225.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock valued at $853,000 after buying an additional 49,258 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Spire Global in the 3rd quarter valued at approximately $629,000. NewGen Asset Management Ltd boosted its holdings 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 buying an additional 325,000 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in shares of Spire Global by 117.5% in the 2nd quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after buying an additional 57,137 shares during the last quarter. 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.