Stifel Nicolaus analyst Erik Rasmussen maintained a Buy rating on Spire Global (SPIR – Research Report) today and set a price target of $24.00. The company’s shares closed yesterday at $8.15.
According to TipRanks, Rasmussen is ranked #927 out of 8652 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spire Global with a $25.00 average price target, representing a 206.75% upside. In a report released on February 7, Canaccord Genuity also maintained a Buy rating on the stock with a $26.00 price target.
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Based on Spire Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $27.32 million and a GAAP net loss of $17.8 million. In comparison, last year the company earned a revenue of $20.42 million and had a GAAP net loss of $21.81 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPIR in relation to earlier this year.
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Spire Global (SPIR) Company Description:
NavSight Holdings Inc is a blank check company.
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