Monashee Investment Management LLC Buys Shares of 355,000 WhiteFiber, Inc. $WYFI

Monashee Investment Management LLC purchased a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 355,000 shares of the company’s stock, valued at approximately $9,645,000. WhiteFiber makes up 4.8% of Monashee Investment Management LLC’s holdings, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Gladstone Institutional Advisory LLC acquired a new stake in WhiteFiber in the 3rd quarter valued at about $349,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of WhiteFiber in the third quarter valued at about $1,167,000. Principal Financial Group Inc. purchased a new stake in shares of WhiteFiber in the third quarter valued at about $1,534,000. J.W. Cole Advisors Inc. acquired a new stake in shares of WhiteFiber in the third quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of WhiteFiber during the 3rd quarter worth approximately $2,718,000.

WhiteFiber Stock Down 9.0%

WYFI stock opened at $16.85 on Friday. The firm has a market capitalization of $644.68 million and a PE ratio of -35.85. WhiteFiber, Inc. has a 52-week low of $13.91 and a 52-week high of $40.75. The business’s fifty day simple moving average is $18.33.

Analysts Set New Price Targets

WYFI has been the topic of a number of recent research reports. Citigroup began coverage on WhiteFiber in a research note on Wednesday, November 19th. They issued an “outperform” rating on the stock. HC Wainwright restated a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research report on Monday, January 26th. Needham & Company LLC decreased their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Roth Mkm cut their target price on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.22.

WhiteFiber Company Profile

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.