Spire Global Pte Ltd climbed to $75.00 (OTCMKTS:SPIR)
The Fly reports that in a research note published on Monday, research analysts at the Royal Bank of Canada raised Spire Global’s (OTCMKTS: SPIR) price target from $69.00 to $75.00.
There has been an increase in the number of analysts recently displaying interest in SPIR. Spire Global was added to Canaccord Genuity Group’s coverage on Tuesday, August 30. They have a $3.50 price objective and have given the stock a “buy” recommendation. On Tuesday, August 30th, Canaccord Genuity Group published a research note marking the start of their coverage of Spire Global. They recommended acquiring the company’s stock.
Last but not least, Credit Suisse Group started covering Spire Global in a research note that was published on October 11th. They rate the stock as “neutral” and have a $2.00 price target. Five investing analysts advise investors to buy the stock, two advise them to hold onto it, and one advises investors to sell it. The company has a market rating of “Moderate Buy,” according to information provided by Bloomberg, and the average price target is $12.82.
Shares of Spire Global opened for trading on Monday at a price of $1.33. Spire Global’s one-year low is $0.96, while the company’s one-year high is $5.28. The moving average for the company over the previous 50 days was $1.24, and over the previous 200 days, it was $1.36.
There have recently been changes in the SPIR holdings of numerous institutional investors and hedge funds. Strs Ohio paid around $33,000 for a new investment in Spire Global during the second quarter. GSA Capital Partners LLP committed around $56,000 to purchase a new investment in Spire Global during the first three months of the year. Buckingham Strategic Wealth LLC paid around $122,000 for a new investment in Spire Global during the first quarter of 2018. During the second quarter, DNB Asset Management AS added another $239,000 to its investment in Spire Global by acquiring a new share in the business.
The last deal of the first quarter was Royce & Associates LP spending about $105,000 to buy a new stake in Spire Global. Institutional investors hold 88.76% of the company’s shares, which is a significant portion.
About Spire Global, Inc
SPIR Stock – Spire Global, Inc. is a firm that develops gear for monitoring the ocean, the sky, and the weather and developing a platform for intelligent analytics. It offers services to the federal government and the maritime, meteorological, aviation, space, and earth intelligence industries. In addition, a business partnership between TAC Index Limited and Spire Global, Inc. has been established. Until July 2014, Spire Global, Inc. was doing business under the name Nanosatisfi, Inc.; however, in the same month, the company officially changed its name to Spire Global, Inc.