WhiteFiber (NASDAQ:WYFI) Earns Equal Weight Rating from Analysts at Barclays

Stock analysts at Barclays initiated coverage on shares of WhiteFiber (NASDAQ:WYFI) in a research report issued to clients and investors on Tuesday. The firm set an “equal weight” rating and a $27.00 price target on the stock. Barclays‘s price target indicates a potential upside of 15.38% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC lifted their price objective on WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. BTIG Research boosted their price objective on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Finally, HC Wainwright reduced their price objective on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

WhiteFiber Trading Up 0.6%

WYFI stock opened at $23.40 on Tuesday. The company has a market cap of $903.47 million and a P/E ratio of -16.14. WhiteFiber has a twelve month low of $10.51 and a twelve month high of $40.75. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $20.58 and a 200-day moving average of $18.72.

WhiteFiber (NASDAQ:WYFI) last released its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The firm had revenue of $21.92 million for the quarter. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. As a group, equities research analysts expect that WhiteFiber will post -1.01 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WYFI. Strs Ohio acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $30,000. Royal Bank of Canada lifted its position in shares of WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $55,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $106,000.

About WhiteFiber

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.