CenterBook Partners LP Invests $3.87 Million in WhiteFiber, Inc. $WYFI

CenterBook Partners LP purchased a new position in WhiteFiber, Inc. (NASDAQ:WYFI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 245,153 shares of the company’s stock, valued at approximately $3,873,000.

Other hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of WhiteFiber in the 4th quarter worth approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in WhiteFiber in the 4th quarter worth approximately $55,000. Prelude Capital Management LLC acquired a new position in WhiteFiber in the 3rd quarter worth approximately $258,000. J.W. Cole Advisors Inc. acquired a new position in WhiteFiber in the 3rd quarter worth approximately $260,000. Finally, CCG Wealth Management LLC acquired a new position in WhiteFiber in the 4th quarter worth approximately $263,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WYFI. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. HC Wainwright cut 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 increased their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Needham & Company LLC raised their price objective on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, B. Riley Financial reaffirmed 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, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $23.40 on Tuesday. The stock has a market capitalization of $903.47 million and a price-to-earnings ratio of -16.14. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $40.75. The firm’s 50 day simple moving average is $20.58 and its 200-day simple moving average is $18.72. 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 issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The firm had revenue of $21.92 million for the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The business’s revenue was up 30.4% on a year-over-year basis. Analysts expect that WhiteFiber, Inc. will post -1.01 EPS for the current year.

WhiteFiber 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.