WhiteFiber, Inc. $WYFI Holdings Decreased by Monashee Investment Management LLC

Monashee Investment Management LLC reduced its position in shares of WhiteFiber, Inc. (NASDAQ:WYFI) by 42.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 80,000 shares of the company’s stock after selling 60,000 shares during the quarter. Monashee Investment Management LLC’s holdings in WhiteFiber were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in WhiteFiber in the fourth quarter worth $30,000. Royal Bank of Canada raised its holdings in shares of 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 purchasing an additional 1,244 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of WhiteFiber in the 4th quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of WhiteFiber in the 4th quarter worth about $55,000. Finally, MetLife Investment Management LLC acquired a new position in shares of WhiteFiber in the 4th quarter valued at about $106,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WYFI shares. Cantor Fitzgerald boosted their price objective on shares of WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. BTIG Research upped their target price on WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. Finally, Barclays raised their price target on WhiteFiber from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteFiber has a consensus rating of “Moderate Buy” and a consensus target price of $34.83.

WhiteFiber Stock Up 1.1%

WhiteFiber stock opened at $27.86 on Thursday. The company has a 50-day simple moving average of $31.34 and a 200-day simple moving average of $22.17. The firm has a market capitalization of $1.08 billion and a P/E ratio of -19.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77. WhiteFiber, Inc. has a one year low of $10.51 and a one year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts expect that WhiteFiber, Inc. will post -1.26 earnings per share for the current year.

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.