WhiteFiber (NASDAQ:WYFI) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of WhiteFiber (NASDAQ:WYFI) in a report published on Thursday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $13.00 price objective on the stock.

A number of other analysts have also recently commented on WYFI. Compass Point initiated coverage on WhiteFiber in a research report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price objective for the company. HC Wainwright dropped their price objective on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. B. Riley Financial dropped their price objective on WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Finally, Needham & Company LLC dropped their price objective on WhiteFiber from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, WhiteFiber has an average rating of “Moderate Buy” and a consensus target price of $32.30.

WhiteFiber Stock Up 1.0%

Shares of WYFI stock opened at $13.58 on Thursday. WhiteFiber has a fifty-two week low of $10.51 and a fifty-two week high of $40.75. The stock has a market cap of $521.06 million and a P/E ratio of -11.91. The business has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $20.82.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, March 26th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.53). The firm had revenue of $23.56 million during the quarter, compared to analyst estimates of $23.07 million.

Institutional Trading of WhiteFiber

A number of hedge funds have recently added to or reduced their stakes in WYFI. Situational Awareness LP acquired a new stake in WhiteFiber in the 4th quarter worth about $27,770,000. Clearfield Capital Management LP boosted its stake in WhiteFiber by 426.6% in the 4th quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after buying an additional 1,064,177 shares during the last quarter. Monashee Investment Management LLC acquired a new stake in WhiteFiber in the 3rd quarter worth about $9,645,000. Marshall Wace LLP acquired a new stake in WhiteFiber in the 3rd quarter worth about $9,105,000. Finally, Wasatch Advisors LP acquired a new stake in WhiteFiber in the 3rd quarter worth about $8,382,000.

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.