WhiteFiber, Inc. $WYFI Shares Bought by UBS Group AG

UBS Group AG raised its stake in WhiteFiber, Inc. (NASDAQ:WYFI) by 604.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,714 shares of the company’s stock after acquiring an additional 169,646 shares during the quarter. UBS Group AG’s holdings in WhiteFiber were worth $3,124,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WYFI. Monashee Investment Management LLC acquired a new position in shares of WhiteFiber in the third quarter worth $9,645,000. Marshall Wace LLP acquired a new position in WhiteFiber in the third quarter valued at $9,105,000. Wasatch Advisors LP acquired a new position in WhiteFiber in the third quarter valued at $8,382,000. Clearfield Capital Management LP acquired a new position in WhiteFiber in the third quarter valued at $6,778,000. Finally, Vanguard Group Inc. acquired a new position in WhiteFiber in the third quarter valued at $6,563,000.

WhiteFiber Stock Performance

Shares of NASDAQ:WYFI opened at $30.19 on Tuesday. The firm has a market capitalization of $1.17 billion and a PE ratio of -20.82. 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 business has a 50-day moving average of $17.73 and a two-hundred day moving average of $18.36. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly 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 firm had revenue of $21.92 million for the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, research analysts forecast that WhiteFiber, Inc. will post -1.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on WYFI. HC Wainwright dropped their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. BTIG Research upped their target price on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Cantor Fitzgerald upped their target price on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

WhiteFiber 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”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.