Spire Global (NYSE:SPIR) Downgraded to Hold at Baird R W

Baird R W lowered shares of Spire Global (NYSE:SPIR) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

A number of other research analysts also recently commented on the stock. Robert W. Baird reissued a neutral rating and set a $9.00 target price (down previously from $15.00) on shares of Spire Global in a research report on Thursday. Alliance Global Partners reissued a buy rating on shares of Spire Global in a report on Thursday, June 13th. Stifel Nicolaus lowered their target price on Spire Global from $24.00 to $20.00 and set a buy rating for the company in a report on Thursday, May 16th. Canaccord Genuity Group cut their price target on Spire Global from $24.00 to $20.00 and set a buy rating on the stock in a report on Thursday, May 16th. Finally, Craig Hallum cut Spire Global from a buy rating to a hold rating and decreased their price objective for the stock from $13.00 to $8.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $15.00.

Spire Global Stock Performance

Shares of Spire Global stock opened at $7.07 on Thursday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The stock’s fifty day moving average price is $11.29 and its 200-day moving average price is $11.01. The firm has a market cap of $171.93 million, a P/E ratio of -2.03 and a beta of 2.01. Spire Global has a 12 month low of $3.27 and a 12 month high of $19.40.

Institutional Trading of Spire Global

A number of institutional investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new stake in Spire Global in the 1st quarter worth approximately $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global during the second quarter worth $37,000. Jump Financial LLC purchased a new stake in shares of Spire Global during the fourth quarter valued at $167,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global in the 4th quarter valued at $171,000. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of Spire Global in the 1st quarter valued at $176,000. Institutional investors and hedge funds 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.