WhiteFiber, Inc.’s Lock-Up Period Will End on February 3rd (NASDAQ:WYFI)

WhiteFiber’s (NASDAQ:WYFI) lock-up period will end on Tuesday, February 3rd. WhiteFiber had issued 9,375,000 shares in its public offering on August 7th. The total size of the offering was $159,375,000 based on an initial share price of $17.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. B. Riley reduced their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Roth Mkm cut their price target on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 14th. UBS Group set a $51.00 price target on shares of WhiteFiber in a research report on Monday, October 6th. JMP Securities set a $37.00 price objective on shares of WhiteFiber in a report on Wednesday, November 19th. Finally, HC Wainwright reiterated a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research note on Monday, January 26th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.30.

WhiteFiber Stock Performance

NASDAQ:WYFI opened at $19.51 on Friday. The company’s 50 day moving average price is $18.45. WhiteFiber has a 1-year low of $13.91 and a 1-year high of $40.75. The stock has a market cap of $746.45 million and a price-to-earnings ratio of -41.51.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) 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 the consensus estimate of $21.18 million. The company’s revenue for the quarter was up 64.2% on a year-over-year basis.

Hedge Funds Weigh In On WhiteFiber

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in WhiteFiber in the fourth quarter valued at approximately $55,000. Prelude Capital Management LLC acquired a new stake in WhiteFiber in the 3rd quarter valued at $258,000. J.W. Cole Advisors Inc. acquired a new stake in WhiteFiber in the 3rd quarter valued at $260,000. CCG Wealth Management LLC purchased a new stake in WhiteFiber in the 4th quarter worth $263,000. Finally, Round Rock Advisors LLC acquired a new position in WhiteFiber during the fourth quarter worth $291,000.

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.