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

WhiteFiber, Inc. (NASDAQ:WYFI) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.30.

Several equities research analysts have weighed in on the company. Citigroup assumed coverage on WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Roth Mkm reduced their price objective on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 29th. Needham & Company LLC reduced their price target on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, HC Wainwright reissued a “buy” rating and issued a $34.00 price target on shares of WhiteFiber in a research note on Monday.

Hedge Funds Weigh In On WhiteFiber

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in WhiteFiber by 604.4% during the fourth quarter. UBS Group AG now owns 197,714 shares of the company’s stock valued at $3,124,000 after buying an additional 169,646 shares during the period. Round Rock Advisors LLC purchased a new stake in shares of WhiteFiber in the fourth quarter worth $291,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in WhiteFiber in the 4th quarter worth about $55,000. Shikiar Asset Management Inc. grew its position in WhiteFiber by 4.9% during the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after purchasing an additional 2,290 shares during the last quarter. Finally, CCG Wealth Management LLC purchased a new position in WhiteFiber in the fourth quarter worth about $263,000.

WhiteFiber Stock Down 0.6%

Shares of WYFI stock opened at $22.02 on Friday. The stock has a market capitalization of $842.49 million and a P/E ratio of -46.85. WhiteFiber has a 52-week low of $13.91 and a 52-week high of $40.75. The stock has a fifty day simple moving average of $18.41.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.35). The business 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% on a year-over-year basis.

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.