WhiteFiber (NASDAQ:WYFI) Stock Price Target Lowered at Needham & Company LLC

WhiteFiber (NASDAQ:WYFI) had its price target cut by Needham & Company LLC from $41.00 to $37.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price indicates a potential upside of 301.74% from the company’s previous close.

Several other research firms have also weighed in on WYFI. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of WhiteFiber in a research note on Wednesday, August 12th. Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th. Barclays raised their price target on shares of WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WhiteFiber in a research report on Tuesday. Finally, HC Wainwright initiated coverage on shares of WhiteFiber in a research report on Thursday, September 3rd. They set a “buy” rating and a $37.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.22.

WhiteFiber Price Performance

WYFI stock opened at $9.21 on Wednesday. The stock has a 50-day moving average price of $15.05 and a two-hundred day moving average price of $20.80. WhiteFiber has a 12-month low of $7.43 and a 12-month high of $46.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a market cap of $417.04 million, a PE ratio of -5.01 and a beta of 6.77.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.36) by ($2.08). The firm had revenue of $24.02 million for the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. WhiteFiber’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.47) EPS. As a group, research analysts predict that WhiteFiber will post -1.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in shares of WhiteFiber by 115.9% during the second 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 in the last quarter. Galaxy Digital Inc. acquired a new stake in shares of WhiteFiber in the first quarter valued at about $834,000. Sei Investments Co. grew its stake in shares of WhiteFiber by 196.0% in the first quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after buying an additional 47,770 shares in the last quarter. Sculptor Capital LP acquired a new stake in shares of WhiteFiber in the first quarter valued at about $476,000. Finally, Bank of America Corp DE raised its holdings in shares of WhiteFiber by 220.9% during the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after buying an additional 41,383 shares during the period.

WhiteFiber Company Profile

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.