Buffalo Business & Estate Services Ltd. Purchases New Holdings in WhiteFiber, Inc. $WYFI

Buffalo Business & Estate Services Ltd. purchased a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 50,519 shares of the company’s stock, valued at approximately $602,000. Buffalo Business & Estate Services Ltd. owned approximately 0.13% of WhiteFiber as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Feynman Point Asset Management LLC bought a new stake in shares of WhiteFiber during the fourth quarter valued at approximately $2,511,000. Empowered Funds LLC bought a new position in WhiteFiber in the fourth quarter worth $791,000. XTX Topco Ltd acquired a new stake in WhiteFiber during the fourth quarter worth $248,000. Balyasny Asset Management L.P. increased its holdings in WhiteFiber by 67.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after buying an additional 184,829 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in WhiteFiber in the 4th quarter valued at $1,797,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays assumed coverage on shares of WhiteFiber in a research report on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 target price on the stock. Needham & Company LLC increased their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald raised their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. BTIG Research lifted 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

WhiteFiber Trading Up 16.3%

Shares of WhiteFiber stock opened at $44.77 on Tuesday. WhiteFiber, Inc. has a 12-month low of $10.51 and a 12-month high of $46.87. The stock has a market capitalization of $1.73 billion and a P/E ratio of -30.88. The company has a 50-day simple moving average of $24.50 and a 200 day simple moving average of $19.62. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63.

WhiteFiber (NASDAQ:WYFI) last released 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 firm had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Research analysts expect that WhiteFiber, Inc. 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.