WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.2222.

WYFI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. HC Wainwright reaffirmed a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a report on Monday, January 26th. B. Riley Financial decreased their target price on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Finally, Compass Point started coverage on WhiteFiber in a report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price target on the stock.

WhiteFiber Trading Down 8.5%

Shares of WYFI opened at $13.85 on Friday. The firm has a market cap of $529.90 million and a PE ratio of -29.47. The company’s 50 day simple moving average is $17.98 and its 200-day simple moving average is $21.51. WhiteFiber has a 12-month low of $13.83 and a 12-month high of $40.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Feynman Point Asset Management LLC acquired a new position in WhiteFiber during the 4th quarter worth approximately $2,511,000. Empowered Funds LLC purchased a new stake in shares of WhiteFiber during the 4th quarter worth $791,000. XTX Topco Ltd purchased a new position in shares of WhiteFiber in the 4th quarter valued at about $248,000. Balyasny Asset Management L.P. boosted its holdings in WhiteFiber by 67.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock worth $7,232,000 after buying an additional 184,829 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in WhiteFiber during the fourth quarter worth about $1,797,000.

About WhiteFiber

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.