WhiteFiber, Inc. (NASDAQ:WYFI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.2222.

A number of research firms recently issued reports on WYFI. Compass Point initiated coverage on WhiteFiber in a research note on Tuesday, December 16th. They issued a “buy” rating and a $32.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. B. Riley Financial cut their target price on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Finally, HC Wainwright restated a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a report on Monday, January 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Situational Awareness LP purchased a new stake in shares of WhiteFiber in the fourth quarter valued at $27,770,000. Clearfield Capital Management LP lifted its position in WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after buying an additional 1,064,177 shares during the period. Monashee Investment Management LLC acquired a new stake in WhiteFiber in the 3rd quarter worth about $9,645,000. Marshall Wace LLP purchased a new stake in WhiteFiber in the 3rd quarter valued at about $9,105,000. Finally, Wasatch Advisors LP purchased a new stake in WhiteFiber in the 3rd quarter valued at about $8,382,000.

WhiteFiber Trading Down 8.5%

Shares of NASDAQ WYFI opened at $13.85 on Friday. The stock has a market cap of $529.90 million and a price-to-earnings ratio of -29.47. The company’s 50-day moving average price is $17.98 and its 200 day moving average price is $21.51. WhiteFiber has a 52 week low of $13.83 and a 52 week high of $40.75.

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.