56,468 Shares in WhiteFiber, Inc. $WYFI Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in shares of WhiteFiber, Inc. (NASDAQ:WYFI) in the third quarter, Holdings Channel.com reports. The fund bought 56,468 shares of the company’s stock, valued at approximately $1,534,000.

Separately, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of WhiteFiber in the 3rd quarter valued at $1,167,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. B. Riley Financial lowered their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. Citizens Jmp set a $37.00 target price on WhiteFiber in a research note on Wednesday, November 19th. Finally, Compass Point began coverage on WhiteFiber in a research note on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.22.

WhiteFiber Trading Down 5.2%

Shares of NASDAQ:WYFI opened at $18.41 on Wednesday. WhiteFiber, Inc. has a 52-week low of $13.91 and a 52-week high of $40.75. The business has a 50 day moving average price of $18.15. The company has a market capitalization of $704.37 million and a price-to-earnings ratio of -39.17.

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.