Investors Purchase Large Volume of WhiteFiber Call Options (NASDAQ:WYFI)

WhiteFiber, Inc. (NASDAQ:WYFI) saw unusually large options trading on Monday. Stock traders purchased 2,816 call options on the stock. This is an increase of approximately 32% compared to the average daily volume of 2,137 call options.

WhiteFiber Stock Performance

Shares of WYFI opened at $18.31 on Tuesday. The stock has a 50 day simple moving average of $23.97. WhiteFiber has a one year low of $13.91 and a one year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $21.18 million. WhiteFiber’s revenue for the quarter was up 64.2% on a year-over-year basis.

Analysts Set New Price Targets

Several research firms recently weighed in on WYFI. Roth Capital reduced their price objective on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 14th. Zacks Research upgraded WhiteFiber to a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Monday, December 15th. HC Wainwright restated a “buy” rating and set a $34.00 price objective on shares of WhiteFiber in a report on Monday. Finally, Needham & Company LLC cut their target price on shares of WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.70.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors have recently added to or reduced their stakes in WYFI. Prelude Capital Management LLC acquired a new position in shares of WhiteFiber during the 3rd quarter worth $258,000. J.W. Cole Advisors Inc. bought a new stake in WhiteFiber in the third quarter valued at approximately $260,000. Militia Capital Partners LP acquired a new stake in shares of WhiteFiber during the third quarter worth $326,000. Gladstone Institutional Advisory LLC acquired a new stake in WhiteFiber during the 3rd quarter worth about $349,000. Finally, Pentwater Capital Management LP bought a new stake in WhiteFiber in the third quarter worth approximately $353,000.

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