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

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.00.

Several analysts have recently weighed in on WYFI shares. BTIG Research upped their price objective on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. HC Wainwright cut their target price on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Cantor Fitzgerald upped their target price on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, 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.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds have recently modified their holdings of WYFI. Principal Financial Group Inc. purchased a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $1,534,000. J.W. Cole Advisors Inc. purchased a new stake in WhiteFiber in the 3rd quarter worth about $260,000. JPMorgan Chase & Co. purchased a new stake in WhiteFiber in the 3rd quarter worth about $2,718,000. Vanguard Group Inc. purchased a new stake in WhiteFiber in the 3rd quarter worth about $6,563,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in WhiteFiber in the 3rd quarter worth about $5,214,000.

WhiteFiber Stock Down 7.1%

WYFI stock opened at $28.03 on Thursday. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $40.75. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of -19.33. The firm’s 50-day moving average is $19.92 and its two-hundred day moving average is $18.57.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The firm had revenue of $21.92 million for the quarter. The company’s revenue was up 30.4% on a year-over-year basis. On average, analysts forecast that WhiteFiber will post -1.01 earnings per share for the current fiscal year.

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.