WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report) saw unusually large options trading on Wednesday. Traders purchased 5,988 call options on the stock. This is an increase of 42% compared to the average volume of 4,218 call options.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Barclays assumed coverage on WhiteFiber in a research note on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 target price on the stock. Needham & Company LLC upped their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. HC Wainwright dropped their price target on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, BTIG Research lifted their target price on shares of WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.
Check Out Our Latest Stock Analysis on WhiteFiber
WhiteFiber Price Performance
WhiteFiber (NASDAQ:WYFI – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The business had revenue of $21.92 million for the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts expect that WhiteFiber will post -1.26 EPS for the current fiscal year.
Institutional Investors Weigh In On WhiteFiber
Large investors have recently bought and sold shares of the business. Situational Awareness LP bought a new position in WhiteFiber during the 4th quarter valued at about $27,770,000. Clearfield Capital Management LP increased its position in WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after acquiring an additional 1,064,177 shares during the last quarter. Marshall Wace LLP bought a new position in shares of WhiteFiber in the 3rd quarter worth approximately $9,105,000. Wasatch Advisors LP bought a new position in WhiteFiber in the third quarter worth approximately $8,382,000. Finally, CenterBook Partners LP purchased a new position in WhiteFiber during the fourth quarter valued at $3,873,000.
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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