Brokerages Set WhiteFiber, Inc. (NASDAQ:WYFI) PT at $34.00

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.00.

WYFI has been the subject of a number of recent research reports. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. HC Wainwright cut their target price on 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 research note on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. 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 research note on Friday, May 15th.

WhiteFiber Stock Up 0.6%

Shares of WYFI stock opened at $23.40 on Thursday. WhiteFiber has a 12 month low of $10.51 and a 12 month high of $40.75. The firm has a market cap of $903.47 million and a PE ratio of -16.14. The stock has a 50 day moving average of $20.58 and a 200-day moving average of $18.72. 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 issued 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 business had revenue of $21.92 million for the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.WhiteFiber’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities analysts predict that WhiteFiber will post -1.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new position in WhiteFiber during the fourth quarter worth $30,000. Royal Bank of Canada raised its stake in WhiteFiber by 108.2% during the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after acquiring an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in WhiteFiber during the fourth quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in WhiteFiber during the fourth quarter worth $55,000. Finally, MetLife Investment Management LLC bought a new stake in shares of WhiteFiber during the fourth quarter worth $106,000.

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.