WhiteFiber (NASDAQ:WYFI) Now Covered by Analysts at Compass Point

Compass Point initiated coverage on shares of WhiteFiber (NASDAQ:WYFI) in a research note released on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $32.00 price target on the stock.

Several other analysts also recently commented on WYFI. Needham & Company LLC cut their target price on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Citigroup assumed coverage on WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of WhiteFiber to a “hold” rating in a research note on Wednesday, September 3rd. Craig Hallum assumed coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, Macquarie raised their target price on shares of WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.70.

WhiteFiber Stock Performance

Shares of WYFI stock traded down $0.23 during trading hours on Tuesday, hitting $14.85. 333,154 shares of the company’s stock traded hands, compared to its average volume of 1,165,156. The stock has a fifty day moving average price of $25.51. WhiteFiber has a 12-month low of $14.01 and a 12-month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The company had revenue of $20.18 million during the quarter, compared to the consensus estimate of $21.18 million. WhiteFiber’s revenue for the quarter was up 64.2% on a year-over-year basis.

Institutional Trading of WhiteFiber

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Metavasi Capital LP bought a new stake in shares of WhiteFiber during the 3rd quarter valued at $5,193,000. Davidson Kempner Capital Management LP bought a new position in shares of WhiteFiber during the 3rd quarter valued at approximately $3,396,000. Jain Global LLC bought a new stake in WhiteFiber during the 3rd quarter worth approximately $2,744,000. Woodline Partners LP purchased a new position in WhiteFiber during the third quarter valued at approximately $2,717,000. Finally, Concentric Capital Strategies LP bought a new position in shares of WhiteFiber in the third quarter worth approximately $1,842,000.

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”).