Pathway Financial Advisers LLC Invests $27,000 in Spire Global, Inc. (NYSE:SPIR)

Pathway Financial Advisers LLC acquired a new stake in shares of Spire Global, Inc. (NYSE:SPIR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,290 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after buying an additional 144,047 shares during the period. Lane Generational LLC boosted its position in shares of Spire Global by 15.4% in the fourth quarter. Lane Generational LLC now owns 423,018 shares of the company’s stock worth $3,308,000 after acquiring an additional 56,348 shares during the last quarter. Ancora Advisors LLC grew its holdings in Spire Global by 429.2% in the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after purchasing an additional 267,197 shares during the period. CVI Holdings LLC acquired a new position in shares of Spire Global in the 1st quarter valued at $3,131,000. Finally, 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 purchasing an additional 49,258 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPIR shares. Stifel Nicolaus 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. Alliance Global Partners reaffirmed a “buy” rating on shares of Spire Global in a research note on Thursday, June 13th. Craig Hallum started coverage on shares of Spire Global in a research report on Wednesday, June 5th. They set a “buy” rating and a $13.00 target price for the company. Robert W. Baird reduced their price target on shares of Spire Global from $20.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group decreased their price objective on shares of Spire Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Spire Global has an average rating of “Buy” and an average target price of $16.83.

Spire Global Stock Down 3.9 %

NYSE:SPIR traded down $0.49 during trading hours on Friday, hitting $12.03. The stock had a trading volume of 330,041 shares, compared to its average volume of 365,857. The company has a market cap of $292.57 million, a PE ratio of -3.46 and a beta of 2.01. The business has a 50 day simple moving average of $11.20 and a two-hundred day simple moving average of $10.79. Spire Global, Inc. has a 1-year low of $3.27 and a 1-year high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Spire Global (NYSE:SPIR) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.21). Spire Global had a negative net margin of 66.72% and a negative return on equity of 66.19%. The firm had revenue of $25.69 million for the quarter, compared to analyst estimates of $28.08 million. Analysts predict that Spire Global, Inc. will post -1.69 EPS for the current year.

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.