WhiteFiber (NASDAQ:WYFI) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald began coverage on shares of WhiteFiber (NASDAQ:WYFI) in a research note issued on Thursday,Benzinga reports. The brokerage set a “neutral” rating and a $13.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 3.35% from the stock’s previous close.

Several other equities analysts have also recently issued reports on WYFI. HC Wainwright decreased their price objective on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Compass Point began coverage on WhiteFiber in a report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price objective for the company. B. Riley Financial decreased their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, December 24th. Finally, Needham & Company LLC decreased their price objective on WhiteFiber from $38.00 to $36.00 and set a “buy” rating for the company in a report on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.30.

WhiteFiber Stock Up 5.3%

Shares of WYFI stock opened at $13.45 on Thursday. The stock has a market cap of $516.08 million and a PE ratio of -11.80. The business has a 50-day simple moving average of $16.05 and a 200-day simple moving average of $20.87. WhiteFiber has a 52-week low of $10.51 and a 52-week high of $40.75.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings data on Thursday, March 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.53). The firm had revenue of $23.56 million during the quarter, compared to analyst estimates of $23.07 million.

Hedge Funds Weigh In On WhiteFiber

Large investors have recently bought and sold shares of the business. Fortress Investment Group LLC purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $4,301,000. Monashee Investment Management LLC purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $9,645,000. Principal Financial Group Inc. purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $1,534,000. Clearfield Capital Management LP purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $6,778,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in WhiteFiber during the 3rd quarter worth approximately $5,214,000.

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.