WhiteFiber, Inc. (NASDAQ:WYFI) Receives $36.08 Consensus Target Price from Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $36.0833.

WYFI has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th. Weiss Ratings downgraded WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. BTIG Research reissued a “buy” rating and set a $50.00 price objective on shares of WhiteFiber in a report on Wednesday, August 12th. Barclays upped their price objective on shares of WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th.

WhiteFiber Stock Up 0.3%

Shares of NASDAQ:WYFI opened at $20.78 on Tuesday. The firm has a fifty day moving average price of $30.13 and a two-hundred day moving average price of $23.08. The company has a market cap of $807.30 million and a price-to-earnings ratio of -11.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. WhiteFiber has a one year low of $10.51 and a one year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.01. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The firm had revenue of $28.84 million for the quarter. Analysts anticipate that WhiteFiber will post -0.97 EPS for the current fiscal year.

Institutional Trading of WhiteFiber

Several institutional investors and hedge funds have recently made changes to their positions in WYFI. Round Rock Advisors LLC grew its position in WhiteFiber by 146.6% in the second quarter. Round Rock Advisors LLC now owns 45,386 shares of the company’s stock worth $1,763,000 after acquiring an additional 26,981 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in WhiteFiber during the second quarter valued at about $235,000. Bank of America Corp DE raised its position in WhiteFiber by 220.9% during the first quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after purchasing an additional 41,383 shares in the last quarter. Feynman Point Asset Management LLC lifted its stake in WhiteFiber by 6.9% during the first quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company’s stock worth $2,024,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in WhiteFiber by 16.6% during the first quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock worth $1,580,000 after purchasing an additional 18,928 shares during the last quarter.

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.