CenterBook Partners LP Acquires Shares of 245,153 WhiteFiber, Inc. $WYFI

CenterBook Partners LP acquired a new stake in shares of WhiteFiber, Inc. (NASDAQ:WYFI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 245,153 shares of the company’s stock, valued at approximately $3,873,000. CenterBook Partners LP owned about 0.64% of WhiteFiber as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Strs Ohio bought a new position in WhiteFiber during the fourth quarter valued at $30,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in WhiteFiber during the fourth quarter valued at $55,000. Prelude Capital Management LLC bought a new position in WhiteFiber during the third quarter valued at $258,000. J.W. Cole Advisors Inc. bought a new position in WhiteFiber during the third quarter valued at $260,000. Finally, Militia Capital Partners LP bought a new position in WhiteFiber during the third quarter valued at $326,000.

WhiteFiber Trading Up 0.6%

NASDAQ WYFI opened at $23.40 on Tuesday. The company’s 50-day moving average price is $20.58 and its 200-day moving average price is $18.72. 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 stock has a market cap of $903.47 million and a PE ratio of -16.14. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The company had revenue of $21.92 million during the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The company’s revenue was up 30.4% compared to the same quarter last year. Equities research analysts forecast that WhiteFiber, Inc. will post -1.01 earnings per share for the current year.

Analyst Ratings Changes

WYFI has been the topic of a number of research analyst reports. BTIG Research upped their price target on shares of WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Needham & Company LLC upped their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Cantor Fitzgerald upped their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, HC Wainwright cut their price target on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.