Galaxy Digital Inc. Takes Position in WhiteFiber, Inc. $WYFI

Galaxy Digital Inc. acquired a new position in WhiteFiber, Inc. (NASDAQ:WYFI) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 70,000 shares of the company’s stock, valued at approximately $834,000.

A number of other hedge funds also recently made changes to their positions in the stock. Strs Ohio purchased a new position in WhiteFiber in the fourth quarter worth $30,000. Royal Bank of Canada lifted its position in WhiteFiber by 108.2% in the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber in the 4th quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of WhiteFiber in the 4th quarter valued at $55,000. Finally, MetLife Investment Management LLC bought a new position in shares of WhiteFiber during the 4th quarter valued at $106,000.

WhiteFiber Stock Performance

Shares of WYFI opened at $23.63 on Friday. The company has a 50-day simple moving average of $31.27 and a two-hundred day simple moving average of $22.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market capitalization of $912.45 million and a PE ratio of -16.30. WhiteFiber, Inc. has a one year low of $10.51 and a one year high of $46.87.

WhiteFiber (NASDAQ:WYFI) last posted its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 30.4% on a year-over-year basis. On average, analysts anticipate that WhiteFiber, Inc. will post -1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. HC Wainwright lowered their price target 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Wednesday, June 24th. Needham & Company LLC increased their price objective on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Finally, Barclays upped their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.83.

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.