WhiteFiber’s (WYFI) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of WhiteFiber (NASDAQ:WYFI) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a $50.00 price objective on the stock.

Several other research analysts have also recently weighed in on the company. Cantor Fitzgerald boosted their target price on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Needham & Company LLC upped 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Wednesday, June 24th. Finally, Barclays boosted their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WhiteFiber presently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $29.52 on Wednesday. The firm has a 50-day simple moving average of $30.28 and a 200-day simple moving average of $22.93. The company has a quick ratio of 2.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $1.14 billion and a price-to-earnings ratio of -16.04. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $46.87.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The firm had revenue of $28.84 million for the quarter. On average, equities analysts predict that WhiteFiber will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WYFI. Situational Awareness LP purchased a new position in WhiteFiber in the fourth quarter worth approximately $27,770,000. Clearfield Capital Management LP raised its position in WhiteFiber by 426.6% in the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after purchasing an additional 1,064,177 shares during the period. Price T Rowe Associates Inc. MD raised its position in WhiteFiber by 4.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock valued at $9,486,000 after purchasing an additional 24,189 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of WhiteFiber by 67.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after purchasing an additional 184,829 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of WhiteFiber in the 3rd quarter valued at $9,105,000.

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.