WhiteFiber, Inc. (NASDAQ:WYFI) Stock Has Average Price Target of $38.00

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $38.00.

A number of research firms recently commented on WYFI. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of WhiteFiber in a research note on Wednesday, August 12th. Barclays increased their price target on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. HC Wainwright initiated coverage on WhiteFiber in a research report on Thursday, September 3rd. They set a “buy” rating and a $37.00 price target on the stock. Needham & Company LLC boosted their price objective on WhiteFiber from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings lowered WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WYFI. Tidal Investments LLC lifted its holdings in WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock worth $4,876,000 after purchasing an additional 67,379 shares during the last quarter. Feynman Point Asset Management LLC boosted its position in shares of WhiteFiber by 6.9% during the 1st quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company’s stock valued at $2,024,000 after acquiring an additional 11,000 shares in the last quarter. Round Rock Advisors LLC grew its stake in shares of WhiteFiber by 146.6% in the 2nd quarter. Round Rock Advisors LLC now owns 45,386 shares of the company’s stock valued at $1,763,000 after purchasing an additional 26,981 shares during the period. Lazard Asset Management LLC raised its stake in WhiteFiber by 16.6% during the first quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock worth $1,580,000 after acquiring an additional 18,928 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of WhiteFiber by 196.0% during the first quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after acquiring an additional 47,770 shares during the period.

WhiteFiber Trading Down 14.8%

Shares of NASDAQ WYFI opened at $7.80 on Friday. WhiteFiber has a 1-year low of $7.43 and a 1-year high of $46.87. The business has a 50-day moving average of $15.62 and a 200-day moving average of $20.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.01. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The company had revenue of $28.84 million during the quarter. As a group, equities analysts anticipate that WhiteFiber will post -1.05 EPS for the current year.

About WhiteFiber

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing high-performance computing resources for artificial intelligence, machine learning and other data-intensive workloads.

The company develops and operates infrastructure intended to support advanced computing, including data center capacity, power and connectivity solutions, and access to specialized computing resources. Its offerings are designed for customers that require scalable, reliable infrastructure for applications such as AI model development, cloud computing and high-performance computing.

WhiteFiber is an emerging company in the rapidly expanding AI and digital infrastructure sector.