WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.1818.

WYFI has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Needham & Company LLC cut their price objective on WhiteFiber from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, March 27th. BTIG Research assumed coverage on shares of WhiteFiber in a research note on Friday, April 10th. They set a “buy” rating and a $20.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of WhiteFiber in a research note on Thursday, April 9th. They set a “neutral” rating and a $13.00 target price for the company. Finally, HC Wainwright cut their target price on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th.

WhiteFiber Trading Up 4.8%

Shares of WhiteFiber stock opened at $21.25 on Friday. The firm has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $18.84. WhiteFiber has a 1-year low of $10.51 and a 1-year high of $40.75. The stock has a market capitalization of $815.36 million and a price-to-earnings ratio of -18.64.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.53). The company had revenue of $23.56 million during the quarter, compared to analyst estimates of $23.07 million. As a group, research analysts predict that WhiteFiber will post -0.93 earnings per share for the current year.

Hedge Funds Weigh In On WhiteFiber

Large investors have recently bought and sold shares of the stock. Situational Awareness LP acquired a new position in WhiteFiber in the 4th quarter valued at approximately $27,770,000. Clearfield Capital Management LP raised its holdings 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 acquiring an additional 1,064,177 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 acquiring an additional 24,189 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in WhiteFiber by 67.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after acquiring an additional 184,829 shares in the last quarter. Finally, Monashee Investment Management LLC acquired a new position in WhiteFiber in the 3rd quarter valued at approximately $9,645,000.

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.