Fermi (NASDAQ:FRMI) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Fermi (NASDAQ:FRMI) in a report published on Thursday, MarketBeat.com reports. The firm issued an overweight rating and a $8.00 price objective on the stock.

A number of other analysts also recently weighed in on FRMI. Citizens Jmp initiated coverage on shares of Fermi in a research report on Monday, February 9th. They issued a “market outperform” rating and a $30.00 price target on the stock. Texas Capital upgraded shares of Fermi to a “strong-buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Fermi from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Finally, Citigroup initiated coverage on shares of Fermi in a research report on Monday, February 9th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.89.

Fermi Stock Up 1.0%

Shares of NASDAQ:FRMI opened at $4.87 on Thursday. The firm has a market cap of $3.07 billion and a P/E ratio of -5.80. The company has a 50 day moving average price of $7.93. Fermi has a fifty-two week low of $4.47 and a fifty-two week high of $36.99.

Insiders Place Their Bets

In related news, CFO Miles E. Everson sold 427,004 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $4.58, for a total transaction of $1,955,678.32. Following the completion of the sale, the chief financial officer directly owned 9,969,791 shares of the company’s stock, valued at approximately $45,661,642.78. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Lynn Hamilton sold 398,140 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $4.58, for a total value of $1,823,481.20. Following the sale, the insider directly owned 5,525,910 shares of the company’s stock, valued at approximately $25,308,667.80. The trade was a 6.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,435,207 shares of company stock valued at $67,803,539 in the last quarter.

Institutional Trading of Fermi

A number of large investors have recently bought and sold shares of FRMI. Balyasny Asset Management L.P. bought a new stake in Fermi during the 4th quarter worth approximately $16,549,000. M&G PLC bought a new stake in Fermi during the 4th quarter worth approximately $14,443,000. Nuveen LLC bought a new stake in Fermi during the 4th quarter worth approximately $11,067,000. Millennium Management LLC bought a new stake in Fermi during the 4th quarter worth approximately $10,871,000. Finally, Nexpoint Asset Management L.P. bought a new stake in Fermi during the 4th quarter worth approximately $10,412,000.

Fermi News Summary

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and an $8.00 price target (about a mid-double‑digit upside vs the current price), which can attract buy-side interest and broker‑driven flows. Cantor Fitzgerald initiation
• Neutral Sentiment: Reported short interest is effectively zero and shows a 0.0 days-to-cover metric based on recent average volume — an unusual but neutral data point that implies short squeezes are unlikely to drive the stock near term. (No accompanying news link.)
• Negative Sentiment: Multiple insiders sold large blocks on April 8–9: CFO Miles Everson, COO Blanes Jacobo Ortiz, and insider Charles Lynn Hamilton each executed roughly 375k–427k share sales across the two days at average prices of about $4.58–$4.91, generating proceeds of roughly $1.8M–$2.0M per trade and reducing their stakes by ~3.7%–7.3%. These are SEC‑filed dispositions and can be interpreted as near‑term selling pressure or portfolio rebalancing. CFO filings COO filings Other insider filings

Fermi Company Profile

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.