Zweig DiMenna Associates LLC Buys New Shares in WhiteFiber, Inc. $WYFI

Zweig DiMenna Associates LLC purchased a new stake in shares of WhiteFiber, Inc. (NASDAQ:WYFI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 191,900 shares of the company’s stock, valued at approximately $5,214,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of WhiteFiber during the 3rd quarter valued at about $6,563,000. JPMorgan Chase & Co. purchased a new stake in WhiteFiber in the third quarter worth approximately $2,718,000. Principal Financial Group Inc. bought a new position in WhiteFiber during the third quarter valued at approximately $1,534,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of WhiteFiber during the third quarter worth approximately $1,167,000. Finally, Gladstone Institutional Advisory LLC bought a new stake in shares of WhiteFiber in the 3rd quarter worth approximately $349,000.

WhiteFiber Price Performance

Shares of WYFI stock opened at $19.42 on Tuesday. The stock has a market capitalization of $743.01 million and a price-to-earnings ratio of -41.32. The business has a fifty day simple moving average of $18.19. WhiteFiber, Inc. has a 52 week low of $13.91 and a 52 week high of $40.75.

Wall Street Analyst Weigh In

WYFI has been the topic of a number of analyst reports. Needham & Company LLC decreased their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Citigroup assumed coverage on WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating on the stock. JMP Securities set a $37.00 target price on WhiteFiber in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. Finally, Citizens Jmp initiated coverage on WhiteFiber in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.30.

WhiteFiber 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.