WhiteFiber, Inc. $WYFI Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in shares of WhiteFiber, Inc. (NASDAQ:WYFI) by 16.6% in the first quarter, HoldingsChannel.com reports. The fund owned 132,693 shares of the company’s stock after purchasing an additional 18,928 shares during the period. Lazard Asset Management LLC’s holdings in WhiteFiber were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Sculptor Capital LP purchased a new stake in WhiteFiber during the first quarter worth about $476,000. Galaxy Digital Inc. acquired a new stake in shares of WhiteFiber during the first quarter worth about $834,000. Sei Investments Co. boosted its stake in shares of WhiteFiber by 196.0% in the first quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after purchasing an additional 47,770 shares during the period. Cetera Investment Advisers purchased a new position in shares of WhiteFiber in the first quarter valued at approximately $203,000. Finally, Buffalo Business & Estate Services Ltd. acquired a new position in shares of WhiteFiber in the first quarter valued at approximately $602,000.

WhiteFiber Stock Up 2.5%

Shares of WhiteFiber stock opened at $26.60 on Wednesday. WhiteFiber, Inc. has a 52-week low of $10.51 and a 52-week high of $46.87. The company has a 50 day moving average of $30.77 and a 200 day moving average of $22.58. 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 company has a market capitalization of $1.03 billion and a P/E ratio of -18.34.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The firm had revenue of $21.92 million during the quarter. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts forecast that WhiteFiber, Inc. will post -1.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WYFI shares. BTIG Research upped their target price on shares of WhiteFiber from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Barclays boosted their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. Cantor Fitzgerald increased their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Needham & Company LLC lifted their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.83.

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.