Spire Global (NYSE:SPIR) Now Covered by Alliance Global Partners

Equities research analysts at Alliance Global Partners assumed coverage on shares of Spire Global (NYSE:SPIR) in a research note issued on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $22.00 price target on the stock. Alliance Global Partners’ price target suggests a potential upside of 120.88% from the stock’s previous close.

Separately, Canaccord Genuity Group reduced their price target on Spire Global from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, March 22nd.

Spire Global Stock Up 1.3 %

Shares of NYSE SPIR opened at $9.96 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $242.23 million, a PE ratio of -3.04 and a beta of 2.04. Spire Global has a one year low of $2.80 and a one year high of $19.40. The business’s fifty day moving average price is $11.87 and its 200-day moving average price is $7.93.

Spire Global (NYSE:SPIR) last issued its earnings results on Wednesday, March 6th. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.25. The firm had revenue of $27.73 million during the quarter, compared to analyst estimates of $29.23 million. Spire Global had a negative net margin of 60.51% and a negative return on equity of 66.20%. On average, equities research analysts anticipate that Spire Global will post -0.88 EPS for the current year.

Insider Transactions at Spire Global

In related news, COO Theresa Condor sold 5,870 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $66,859.30. Following the completion of the transaction, the chief operating officer now directly owns 235,141 shares in the company, valued at $2,678,255.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, COO Theresa Condor sold 5,870 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $11.39, for a total value of $66,859.30. Following the transaction, the chief operating officer now owns 235,141 shares of the company’s stock, valued at approximately $2,678,255.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Platzer sold 12,534 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $142,762.26. Following the completion of the transaction, the chief executive officer now owns 1,462,238 shares of the company’s stock, valued at $16,654,890.82. The disclosure for this sale can be found here. Insiders own 20.43% of the company’s stock.

Institutional Trading of Spire Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Occudo Quantitative Strategies LP purchased a new stake in shares of Spire Global in the 4th quarter valued at $81,000. Stifel Financial Corp purchased a new position in shares of Spire Global in the third quarter worth about $55,000. Jump Financial LLC purchased a new stake in Spire Global during the 4th quarter valued at about $167,000. Russell Investments Group Ltd. purchased a new position in Spire Global in the 4th quarter worth approximately $171,000. Finally, Cubist Systematic Strategies LLC lifted its position in Spire Global by 20.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 30,501 shares of the company’s stock valued at $239,000 after purchasing an additional 5,080 shares during the last quarter. 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.