Alliance Global Partners Forecasts Strong Price Appreciation for Spire Global (NYSE:SPIR) Stock

Spire Global (NYSE:SPIR) had its price target boosted by equities research analysts at Alliance Global Partners from $17.00 to $24.00 in a report issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Alliance Global Partners’ price objective would indicate a potential upside of 78.04% from the company’s current price.

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

Spire Global Stock Up 1.0 %

SPIR stock opened at $13.48 on Thursday. The business’s 50-day moving average price is $10.02 and its 200-day moving average price is $10.25. The stock has a market cap of $327.81 million, a P/E ratio of -3.87 and a beta of 1.96. Spire Global has a twelve month low of $4.56 and a twelve month high of $19.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Trading of Spire Global

Large investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global in the first quarter valued at $27,000. nVerses Capital LLC purchased a new stake in Spire Global during the second quarter valued at $37,000. Quest Partners LLC lifted its position in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Spire Global during the second quarter valued at $106,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Spire Global in the 3rd quarter worth $136,000. 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.