Ultime notizie per Spire Global (NYSE:SPIR) Azioni

Spire Global

Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.

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Canaccord Genuity analyst Austin Moeller maintains Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy and raises the price target from $12 to $18.

News

Price Target

Analyst Ratings

SPIR

Canaccord Genuity Maintains Buy on Spire Global, Raises Price Target to $18

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Spire Global shares are trading higher after Craig-Hallum upgraded the stock from Hold to Buy and raised its price target from $8 to $20. Also, Baird raised its price target from $9 to $16.

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Thursday.
Shares of Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) rose sharply in today's session following <a href="https://www.benzinga.com/quote/HI/earnings">upbeat quarterly results</a>.
Hillenbrand reported quarterly earnings of $1.01 per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $837.60 million which beat the analyst consensus estimate of $792.98 million.
Hillenbrand shares surged 14.7% to $34.60 on Thursday.
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<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) gained 16.8% to $15.85 after the company reported better-than-expected quarterly financial results.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) shares jumped 16.1% to $10.50 after the company reported better-than-expected third-quarter revenue results.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) rose 14.6% to $15.44.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) gained 14.4% to $2.5300 following third-quarter results.</li>
<li>Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) shares rose 13.9% to $36.41 after the company reported better-than-expected quarterly financial results.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) gained 11.2% to $57.00 after the company announced plans for an additional $2 billion share repurchase program.</li>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) rose 10.9% to $14.91. Spire Global agreed to sell its maritime business to Kpler for roughly $241 million.</li>
<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) gained 9.2% to $93.69.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) climbed 9.1% to $27.28.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) gained 8.9% to $44.60 following third-quarter results.</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 8.8% to $111.75 following upbeat earnings.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) gained 6.3% to $7.38.</li>
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Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) agreed to sell its maritime business to Kpler for <a href="https://www.benzinga.com/news/asset-sales/24/11/41944207/spire-global-soars-on-heels-of-241-million-sale-of-maritime-business-plans-debt-payoff">roughly $241 million</a>.
The deal includes a $233.5 million purchase price and $7.5 million allocated for services over the next twelve months post-closing. This valuation reflects roughly 5.8 times the revenue generated by the maritime business over the past year.
Peter Platzer, Spire CEO said, "We are now even better equipped with the resources, technology and experience to serve governments and commercial clients to fulfill their missions, whether through our advanced data solutions or empowering them with our sophisticated space services offering…In addition to these benefits for Spire, we expect this sale will benefit our maritime customers and team members by allowing our maritime business to grow even faster within a global organization leading the digitalization of the maritime industry,"
Spire shares gained 14.1% to close at $13.45 on Wednesday.
These analysts made changes to their price targets on Spire following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5898636e43eaaa00018b14b0/jeffrey-meuler">Baird analyst Jeffrey Meuler</a> maintained Spire Global with a Neutral and raised the price target from $9 to $16.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591479b9290fa7000138e4bb/jeff-van%20rhee">Craig-Hallum analyst Jeff Van Rhee </a>upgraded Spire Global from Hold to Buy and raised the price target from $8 to $20.</li>
</ul>
Considering buying SPIR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="588" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14091422/image-155-1024x588.png" alt="" class="wp-image-648045" style="width:639px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14091422/image-155-1024x588.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14091422/image-155-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14091422/image-155-768x441.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14091422/image-155.png 1126w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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These Analysts Boost Their Forecasts On Spire Global

In the latest quarter, 3 analysts provided ratings for Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.0, a high estimate of $20.00, and a low estimate of $12.00. This upward trend is evident, with the current average reflecting a 29.76% increase from the previous average price target of $12.33.
<img src="https://www.benzinga.com/files/images/story/2024/1731592818_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Spire Global by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeff Van Rhee</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Jeffrey Meuler</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$12.00</td>
<td>$20.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Spire Global. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Spire Global compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Spire Global's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Spire Global's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SPIR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Spire Global analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Spire Global's Background</h2>
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
<h3>Financial Milestones: Spire Global's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Spire Global showcased positive performance, achieving a revenue growth rate of 6.29% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Spire Global's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -98.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Spire Global's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -32.41%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Spire Global's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -9.81%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Spire Global's debt-to-equity ratio surpasses industry norms, standing at 1.53. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 3 Analyst Recommendations For Spire Global

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Craig-Hallum boosted the price target for Digi International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) from $28 to $32. Craig-Hallum analyst Anthony Stoss downgraded the stock from Buy to Hold. Digi International shares closed at $31.97 on Wednesday. <a href="https://www.benzinga.com/quote/DGII/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted the price target for Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from $58 to $62. Morgan Stanley analyst Meta Marshall maintained an Overweight rating. Cisco shares closed at $59.18 on Wednesday. <a href="https://www.benzinga.com/quote/CSCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) price target from $550 to $565. BMO Capital analyst Rufus Hone maintained an Outperform rating. Mastercard shares settled at $521.88 on Wednesday. <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) price target from $9 to $16. Baird analyst Jeffrey Meuler maintained a Neutral rating. Spire Global shares closed at $13.45 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna cut Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) price target from $77 to $65. Susquehanna analyst Biju Perincheril maintained a Positive rating. Occidental Petroleum shares closed at $51.12 on Wednesday.  <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna boosted NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) price target from $160 to $180. Susquehanna analyst Christopher Rolland maintained a Positive rating. Nvidia shares closed at $146.27 on Wednesday. <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies increased the price target for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from $195 to $300. Jefferies analyst Philippe Houchois maintained a Hold rating. Tesla shares settled at $330.24 on Wednesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler boosted Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) price target from $32 to $35. Piper Sandler analyst Mark Lear maintained an Overweight rating. Coterra Energy shares closed at $25.61 on Wednesday. <a href="https://www.benzinga.com/quote/CTRA/analyst-ratings">See how other analysts view this stock</a>.</li>
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Craig-Hallum analyst Jeff Van Rhee upgrades Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from Hold to Buy and raises the price target from $8 to $20.

Upgrades

Craig-Hallum Upgrades Spire Global to Buy, Raises Price Target to $20

Baird analyst Jeffrey Meuler maintains Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Neutral and raises the price target from $9 to $16.

Baird Maintains Neutral on Spire Global, Raises Price Target to $16

Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) shares were trading at $14.46 at last check Wednesday morning, up 22.75%.
The uptick comes after the satellite and analytics company agreed to sell its maritime <a href="https://www.benzinga.com/pressreleases/24/11/b41934356/spire-global-announces-strategic-business-update-debt-to-be-eliminated" target="_blank" rel="noreferrer noopener">business to Kpler for roughly $241 million</a>.
The deal includes a $233.5 million purchase price and $7.5 million allocated for services over the next twelve months post-closing.
This valuation reflects roughly 5.8 times the revenue generated by the maritime business over the past year.
Spire will keep its satellite network, technology, and infrastructure, maintaining service to its aviation, weather, and space services customers, as well as its U.S. government maritime clients.
The company plans to use the sale proceeds to fully pay off its outstanding debt and invest in growth opportunities.
Also, Spire plans to invest in advancing its data analytics and radio frequency geolocation solutions, aiming to support customers in addressing climate change and global security challenges.
Peter Platzer, Spire CEO said, &#8220;We are now even better equipped with the resources, technology and experience to serve governments and commercial clients to fulfill their missions, whether through our advanced data solutions or empowering them with our sophisticated space services offering.&#8221;
&#8220;In addition to these benefits for Spire, we expect this sale will benefit our maritime customers and team members by allowing our maritime business to grow even faster within a global organization leading the digitalization of the maritime industry,&#8221;&nbsp;
Leo Basola, Spire CFO added, &#8220;By capitalizing the business in a non-dilutive manner and eliminating interest payments and other operational restrictions, we are transforming our cost structure and operating model,&#8221;
Price Action: SPIR shares are up 30.71% at $15.41 at the last check Wednesday.
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Spire Global shares are trading higher after the company announced an agreement to sell its maritime business for approximately $241 million.

Spire Global Announced An Agreement To A Sell Its Maritime Business To Kpler For Approximately $241M

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&nbsp;
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The Company expects to file restated prior period financial statements, its second quarter Form 10-Q, and its third quarter Form 10-Q within the previously disclosed six-month cure period provided by the New York Stock Exchange, which will end on February 19, 2025.&nbsp;

Spire Global Says Brought In $40M Of New Contracts During Q3; Says Working To Complete Review Of Its Accounting Practices As Soon As Practical

Spire will partner with OroraTech, the global leader in space-based thermal intelligence, to design a comprehensive and scalable solution.

Contracts

Spire Global Bags Concept Study Contract By Nasa's Jet Propulsion Laboratory To Develop Space-based Capabilities For Wildfire Early Detection Warning And Active Monitoring System

U.S. Senator Jerry Moran Urges FAA To Speed Up Rocket Launch Licensing Process, 'Troubled' By 'Regulatory Inefficiency,'

Canaccord Genuity analyst Austin Moeller assumes Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) with a Buy rating and lowers Price Target of $12.

Initiation

Canaccord Genuity Assumes Spire Global at Buy, Lowers Price Target of $12

The award is part of an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a&nbsp;$59 million&nbsp;ceiling for NOAA&#39;s Commercial Weather Data Program&#39;s Radio Occultation Data Buy II.

Spire Global Secures $3.83M Contract From The National Oceanic And Atmospheric Administration To Provide Radio Occultation Data For One-year Period

The waiver and amendment also requires the Company to make a&nbsp;$10 million&nbsp;payment toward the outstanding principal balance of the term loans under the financing agreement on August 31, 2024.
As of June 30, 2024, the Company had cash, cash equivalents and short-term marketable securities of approximately&nbsp;$46 million.

Spire Global Enters Into Waiver And Amendment To Its Current Financing Agreement With Blue Torch Capital

Raymond James analyst Ric Prentiss downgrades Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) from Outperform to Market Perform.

Downgrades

Raymond James Downgrades Spire Global to Market Perform

Spire announces multi-million-dollar contracts with U.S. Air Force, UK Space Agency and NASA
The Company expects to report second quarter results and restate impacted historical financials within six-month period
Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) ("Spire" or the "Company") announces new multi-million-dollar contracts, the receipt of an NYSE notice regarding its late Form 10-Q filing and the Company's decision to restate certain historical financials following its review of the technical revenue recognition accounting for certain contracts.
Underscoring Spire's mission to improve life on Earth with data from space, the Company has been awarded new contracts focused on improving national security, weather forecasting and climate research:
<ul>
<li>$14M Air Force contract: Spire has been awarded a $14 million contract by the Air Force Research Laboratory (AFRL) under the SBIR Phase II STRATFI program. Over the next 48 months, Spire agreed to develop and deploy a cluster of satellites designed to detect and track moving objects on Earth with the goal of enhancing situational awareness for U.S. defense operations. This project is expected to leverage advanced sensing technologies, including radio frequency, electro optical infrared, and multi-spectral imagery sensors, to deliver cutting-edge space-based Surveillance, Reconnaissance, and Tracking capabilities.</li>
<li>£3.5M UK Space Agency grant: The Company has been awarded a £3.5 million grant by the UK Space Agency (UKSA) to develop and demonstrate hyperspectral microwave sensing technology in orbit. Over the three-year project period, Spire expects to collaborate with the Met Office, STFC RAL Space, and STAR-Dundee to enhance global weather forecasting. This initiative will deploy a small satellite equipped with advanced microwave sounders, which is expected to offer high-quality vertical resolution and data accuracy, ultimately improving weather prediction and climate understanding.</li>
<li>$6.7M NASA contract renewal: Spire has been awarded a $6.7 million, 12-month contract renewal from NASA under the Commercial Smallsat Data Acquisition (CSDA) Program. This marks the second consecutive year of increased contract value, allowing Spire to continue delivering its comprehensive Earth observation data, including GNSS radio occultation, GNSS Reflectometry, and space weather measurements. Spire's data will support U.S. government-funded research with the objective of enhancing global weather forecasting, atmospheric profiling, and climate research.</li>
</ul>
On August 21, 2024, the Company received notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing standards as set forth in Section 802.01E of the NYSE Listed Company Manual due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"). Under the NYSE's rules, the Company can regain compliance with this NYSE listing standard by filing the Form 10-Q with the SEC before February 19, 2025.

Spire Global Provides Update On New Contracts And Revenue Recognition Review Of Certain Prior Contracts; Spire Has Been Awarded A $14M Contract By The Air Force Research Laboratory; £3.5Mmillion Grant By The UK Space Agency; Awarded A $6.7M, 12-Month Contract Renewal From Nasa Under The Commercial Smallsat Data Acquisition Program; ReceivedNYSE Notice Regarding Late Form 10-Q Filing

Spire Global ( ($SPIR) ) just unveiled an update. Spire Global, Inc. has agreed to sell its maritime business to Kpler Holding SA for around $241 m...

Spire Global Sells Maritime Business to Kpler for $241M

Craig-Hallum analyst Jeff Van Rhee upgraded Spire Global (SPIR) to Buy from Hold with a price target of $20, up from $8, after the company announce...

Spire Global upgraded to Buy from Hold at Craig-Hallum

Spire Global (SPIR) is up 11.5%, or $1.55 to $15.00. Published first on TheFly – the ultimate source for real-time, market-moving breaking financia...

Spire Global rises 11.5%

Alliance Global Partners raised the firm's price target on Spire Global (SPIR) to $24 from $17 and keeps a Buy rating on the shares. Spire sold its...

Spire Global price target raised to $24 from $17 at Alliance Global Partners

Spire Global gains as Craig-Hallum raises to Buy on strong free cash flow, bookings

Analyst Austin Moeller of Canaccord Genuity maintained a Buy rating on Spire Global (SPIR – Research Report), boosting the price target to $18.00. ...

Spire Global's Strategic Sale Enhances Financial Stability and Growth Prospects: Buy Rating Affirmed

Canaccord raised the firm's price target on Spire Global (SPIR) to $18 from $12 and keeps a Buy rating on the shares. The firm noted Spire Global a...

Spire Global price target raised to $18 from $12 at Canaccord

Spire Global: Maritime Business Sale Provides Validation

Notable analyst calls this week: Okta, Nvidia and Twilio among top picks

Pre-earnings options volume in Spire Global (SPIR) is 1.7x normal with calls leading puts 61:1. Implied volatility suggests the market is anticipat...

Spire Global options imply 3.0% move in share price post-earnings

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Legal

Press Releases

SPIR DEADLINE: RLF, A TOP-RANKED LAW FIRM, Encourages Spire Global, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 21 Deadline in Securities Class Action – SPIR

Spire Global, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SPIR

DEADLINE ALERT for SPIR, OFIX, and DXCM: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

SPIR Investors Have Opportunity to Lead Spire Global, Inc. Securities Fraud Lawsuit with the Schall Law Firm

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Spire

SPIR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Spire Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

SPIR Investors Have Opportunity to Lead Spire Global, Inc. Securities Fraud Lawsuit

Spire Global and OroraTech Awarded NASA Contract for Wildfire Monitoring

Spire Global Achieves Financial Milestone; Provides Update on Revenue Recognition Review and Restatement

Spire Global Announces Strategic Business Update; Debt to be Eliminated

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