Needham & Company LLC Has Lowered Expectations for WhiteFiber (NASDAQ:WYFI) Stock Price

WhiteFiber (NASDAQ:WYFI) had its target price dropped by Needham & Company LLC from $41.00 to $37.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price would indicate a potential upside of 301.74% from the stock’s previous close.

Other analysts also recently issued reports about the company. Cantor Fitzgerald upgraded WhiteFiber from a “neutral” rating to an “overweight” rating and raised their target price for the company from $27.00 to $36.00 in a research note on Thursday, August 13th. Barclays lifted their target price on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a research note on Tuesday. BTIG Research reissued a “buy” rating and issued a $50.00 price target on shares of WhiteFiber in a report on Wednesday, August 12th. Finally, HC Wainwright initiated coverage on WhiteFiber in a research note on Thursday, September 3rd. They set a “buy” rating and a $37.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WhiteFiber presently has an average rating of “Moderate Buy” and a consensus price target of $35.22.

WhiteFiber Trading Down 3.8%

NASDAQ WYFI opened at $9.21 on Wednesday. The stock has a market cap of $417.04 million, a P/E ratio of -5.01 and a beta of 6.77. The company’s fifty day simple moving average is $15.05 and its 200-day simple moving average is $20.80. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. WhiteFiber has a 52 week low of $7.43 and a 52 week high of $46.87.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($2.08). WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The firm had revenue of $24.02 million during the quarter. During the same period in the previous year, the business earned ($0.47) EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts predict that WhiteFiber will post -1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

WhiteFiber Company Profile

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.