Shares of WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report) were up 8.8% during trading on Tuesday . The stock traded as high as $25.70 and last traded at $25.4490. Approximately 147,720 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,134,757 shares. The stock had previously closed at $23.40.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on WYFI. Needham & Company LLC boosted their price objective on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. 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 research note on Friday, May 15th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Barclays began coverage on shares of WhiteFiber in a research report on Tuesday. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Ten equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $33.42.
Get Our Latest Stock Report on WYFI
WhiteFiber Trading Down 1.1%
WhiteFiber (NASDAQ:WYFI – Get Free Report) last posted its 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). 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 business’s revenue was up 30.4% compared to the same quarter last year. On average, equities analysts forecast that WhiteFiber, Inc. will post -1.01 earnings per share for the current fiscal year.
Institutional Trading of WhiteFiber
A number of hedge funds have recently made changes to their positions in the stock. Situational Awareness LP acquired a new stake in shares of WhiteFiber during the fourth quarter worth approximately $27,770,000. Clearfield Capital Management LP raised its stake in shares of WhiteFiber by 426.6% in the 4th quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after purchasing an additional 1,064,177 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of WhiteFiber by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock worth $9,486,000 after purchasing an additional 24,189 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in WhiteFiber by 67.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock worth $7,232,000 after purchasing an additional 184,829 shares in the last quarter. Finally, Monashee Investment Management LLC acquired a new position in WhiteFiber in the third quarter worth about $9,645,000.
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.
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