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

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $38.6364.

A number of brokerages have issued reports on WYFI. BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of WhiteFiber in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. HC Wainwright restated a “buy” rating and set a $37.00 price target on shares of WhiteFiber in a research report on Thursday, September 3rd. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Finally, Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th.

Institutional Investors Weigh In On WhiteFiber

A number of hedge funds have recently modified their holdings of WYFI. Situational Awareness LP purchased a new stake in WhiteFiber in the fourth quarter worth $27,770,000. Clearfield Capital Management LP lifted its position in shares of WhiteFiber by 426.6% during the 4th quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after buying an additional 1,064,177 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of WhiteFiber during the 3rd quarter valued at $9,105,000. Wasatch Advisors LP bought a new position in shares of WhiteFiber during the 3rd quarter worth $8,382,000. Finally, CenterBook Partners LP purchased a new stake in WhiteFiber in the 4th quarter worth about $3,873,000.

WhiteFiber Stock Performance

WYFI stock opened at $19.14 on Friday. The firm has a market cap of $743.59 million and a PE ratio of -10.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $25.03 and a 200-day moving average of $23.14. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $46.87.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.01. The company had revenue of $28.84 million during the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. As a group, sell-side analysts expect that WhiteFiber will post -1.05 earnings per share for the current year.

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.