Robert W. Baird Increases Spire Global (NYSE:SPIR) Price Target to $11.00

Spire Global (NYSE:SPIR) had its price objective hoisted by research analysts at Robert W. Baird from $6.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential downside of 5.78% from the company’s previous close.

Several other analysts also recently commented on SPIR. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their target price for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Canaccord Genuity Group increased their price target on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Spire Global Trading Down 7.2 %

Shares of SPIR opened at $11.68 on Wednesday. The business’s fifty day simple moving average is $15.35 and its two-hundred day simple moving average is $12.32. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market cap of $283.94 million, a price-to-earnings ratio of -3.35 and a beta of 2.27.

Hedge Funds Weigh In On Spire Global

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in Spire Global in the 4th quarter worth $397,000. Two Sigma Investments LP raised its holdings in Spire Global by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock worth $535,000 after purchasing an additional 1,550 shares during the period. Shay Capital LLC purchased a new stake in Spire Global in the 4th quarter worth $410,000. Numerai GP LLC purchased a new stake in Spire Global in the 4th quarter worth $234,000. Finally, Granahan Investment Management LLC purchased a new stake in Spire Global in the 4th quarter worth $1,774,000. 19.97% of the stock is owned by institutional investors.

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.