WhiteFiber (NASDAQ:WYFI) Earns Buy Rating from Analysts at Compass Point

Compass Point assumed coverage on shares of WhiteFiber (NASDAQ:WYFI) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $32.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on WYFI. Macquarie upped their price target on shares of WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, September 26th. UBS Group set a $51.00 target price on shares of WhiteFiber in a research note on Monday, October 6th. Wall Street Zen lowered shares of WhiteFiber from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Needham & Company LLC dropped their price target on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, HC Wainwright started coverage on WhiteFiber in a research note on Wednesday, October 1st. They set a “buy” rating and a $34.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.70.

WhiteFiber Price Performance

NASDAQ WYFI opened at $14.30 on Tuesday. WhiteFiber has a fifty-two week low of $13.91 and a fifty-two week high of $40.75. The business has a 50 day moving average of $24.72.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The company had revenue of $20.18 million during the quarter, compared to analysts’ expectations of $21.18 million. WhiteFiber’s revenue for the quarter was up 64.2% compared to the same quarter last year.

Hedge Funds Weigh In On WhiteFiber

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prelude Capital Management LLC acquired a new stake in WhiteFiber during the 3rd quarter valued at $258,000. J.W. Cole Advisors Inc. purchased a new position in shares of WhiteFiber during the third quarter valued at $260,000. Militia Capital Partners LP acquired a new position in WhiteFiber during the third quarter valued at $326,000. Gladstone Institutional Advisory LLC acquired a new position in WhiteFiber during the third quarter valued at $349,000. Finally, Pentwater Capital Management LP purchased a new stake in WhiteFiber in the 3rd quarter worth about $353,000.

WhiteFiber Company 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”).