WhiteFiber (NASDAQ:WYFI) Stock Price Target Lowered at BTIG Research

WhiteFiber (NASDAQ:WYFI) had its price objective decreased by BTIG Research from $50.00 to $30.00 in a research report report published on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on WYFI. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $36.00 in a report on Thursday, August 13th. HC Wainwright upped their target price on WhiteFiber from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC reduced their price target on shares of WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a research report on Tuesday. Finally, Barclays lifted their price target on shares of WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, WhiteFiber has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

WhiteFiber Price Performance

Shares of WhiteFiber stock opened at $10.43 on Wednesday. WhiteFiber has a 1 year low of $7.43 and a 1 year high of $46.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $14.91 and a two-hundred day simple moving average of $20.75.

WhiteFiber (NASDAQ:WYFI) last released its earnings results on Tuesday, November 10th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($2.08). The firm had revenue of $24.02 million during the quarter. WhiteFiber had a negative net margin of 132.17% and a negative return on equity of 12.59%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) earnings per share. As a group, research analysts anticipate that WhiteFiber will post -1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Feynman Point Asset Management LLC grew its stake in shares of WhiteFiber by 6.9% during the first quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company’s stock valued at $2,024,000 after buying an additional 11,000 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of WhiteFiber by 16.6% in the 1st quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock valued at $1,580,000 after acquiring an additional 18,928 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after acquiring an additional 67,379 shares during the last quarter. Sei Investments Co. lifted its stake in shares of WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after acquiring an additional 47,770 shares during the last quarter. Finally, Galaxy Digital Inc. purchased a new stake in WhiteFiber during the 1st quarter valued at about $834,000.

Trending Headlines about WhiteFiber

These are some of the WYFI headlines that stood out recently:

• Positive Sentiment: WhiteFiber said NC-1 is now operational across all 40 MW of contracted IT capacity, a potentially important step for its AI-infrastructure business. WhiteFiber Q3 results
• Positive Sentiment: Analysts maintained Buy ratings. HC Wainwright raised its target to $36, while Needham cut its target to $37 and BTIG lowered its target to $30; the target revisions were mixed, but all three firms remained bullish. Read More., Read More., Read More.
• Negative Sentiment: Q3 results were weak: WhiteFiber reported a $2.44-per-share loss versus the consensus estimate of a $0.36 loss. Revenue was $24.02 million, up 18.9% year over year, but the earnings miss and coverage of an $80.8 million charge weighed on the results. Q3 earnings coverage Charge and NC-1 coverage

About WhiteFiber

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.