42,935 Shares in WhiteFiber, Inc. $WYFI Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 42,935 shares of the company’s stock, valued at approximately $1,167,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of WhiteFiber at the end of the most recent reporting period.

Separately, Gladstone Institutional Advisory LLC purchased a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $349,000.

WhiteFiber Stock Down 11.4%

Shares of WYFI stock opened at $19.51 on Friday. The stock has a market cap of $746.45 million and a P/E ratio of -41.51. The company has a 50 day moving average of $18.45. WhiteFiber, Inc. has a twelve month low of $13.91 and a twelve month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The company had revenue of $20.18 million for the quarter, compared to analysts’ expectations of $21.18 million. WhiteFiber’s revenue was up 64.2% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. B. Riley dropped their target price on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. UBS Group set a $51.00 price objective on WhiteFiber in a report on Monday, October 6th. JMP Securities set a $37.00 target price on WhiteFiber in a research note on Wednesday, November 19th. Citigroup initiated coverage on WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reduced their price objective on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.30.

About WhiteFiber

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.