Galaxy Digital Inc. Invests $834,000 in WhiteFiber, Inc. $WYFI

Galaxy Digital Inc. bought a new position in WhiteFiber, Inc. (NASDAQ:WYFI) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 70,000 shares of the company’s stock, valued at approximately $834,000. Galaxy Digital Inc. owned about 0.18% of WhiteFiber at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Situational Awareness LP purchased a new stake in WhiteFiber in the 4th quarter valued at $27,770,000. Clearfield Capital Management LP increased its stake in WhiteFiber by 426.6% in the 4th quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after buying an additional 1,064,177 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in WhiteFiber by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock valued at $9,486,000 after buying an additional 24,189 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of WhiteFiber by 67.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock worth $7,232,000 after buying an additional 184,829 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of WhiteFiber during the 3rd quarter worth approximately $9,105,000.

Analyst Ratings Changes

WYFI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. Barclays raised their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday. HC Wainwright lowered their price target on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Cantor Fitzgerald upped their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.83.

WhiteFiber Trading Down 12.8%

NASDAQ:WYFI opened at $23.63 on Friday. The company has a market cap of $912.45 million and a P/E ratio of -16.30. The stock’s fifty day moving average price is $31.27 and its two-hundred day moving average price is $22.26. WhiteFiber, Inc. has a 1 year low of $10.51 and a 1 year high of $46.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The company had revenue of $21.92 million during the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.WhiteFiber’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, analysts expect that WhiteFiber, Inc. will post -1.26 EPS for the current year.

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.