WhiteFiber, Inc. (NASDAQ:WYFI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $36.30.

A number of brokerages recently weighed in on WYFI. HC Wainwright reaffirmed a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a research note on Monday, January 26th. Citizens Jmp initiated coverage on shares of WhiteFiber in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. Citigroup assumed coverage on WhiteFiber in a research note on Wednesday, November 19th. They set an “outperform” rating on the stock. Finally, Needham & Company LLC decreased their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th.

WhiteFiber Stock Down 5.3%

Shares of WYFI stock opened at $18.45 on Friday. The stock has a market capitalization of $705.90 million and a P/E ratio of -39.26. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75. The stock has a fifty day simple moving average of $18.48.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The business had revenue of $20.18 million during the quarter, compared to analyst estimates of $21.18 million. The business’s revenue for the quarter was up 64.2% compared to the same quarter last year.

Institutional Trading of WhiteFiber

Institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of WhiteFiber in the fourth quarter worth $30,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in WhiteFiber in the 4th quarter worth $55,000. Prelude Capital Management LLC purchased a new position in shares of WhiteFiber in the third quarter valued at about $258,000. J.W. Cole Advisors Inc. bought a new position in shares of WhiteFiber during the third quarter valued at about $260,000. Finally, CCG Wealth Management LLC purchased a new stake in shares of WhiteFiber during the fourth quarter worth about $263,000.

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.