WhiteFiber (NASDAQ:WYFI) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of WhiteFiber (NASDAQ:WYFI) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $34.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Zacks Research upgraded shares of WhiteFiber to a “hold” rating in a research note on Wednesday, September 3rd. Macquarie upped their price objective on shares of WhiteFiber from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Citizens Jmp started coverage on WhiteFiber in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 price target for the company. B. Riley restated a “buy” rating on shares of WhiteFiber in a research note on Wednesday, October 22nd. Finally, JMP Securities set a $37.00 target price on WhiteFiber in a research report on Wednesday, November 19th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.70.

WhiteFiber Trading Up 9.4%

Shares of NASDAQ:WYFI opened at $18.31 on Monday. The company’s 50-day moving average is $23.97. WhiteFiber has a one year low of $13.91 and a one year high of $40.75.

WhiteFiber (NASDAQ:WYFI) last released 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 business had revenue of $20.18 million during the quarter, compared to analysts’ expectations of $21.18 million. WhiteFiber’s revenue was up 64.2% on a year-over-year basis.

Institutional Trading of WhiteFiber

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