WhiteFiber (NASDAQ:WYFI) Stock Price Target Cut by B. Riley Financial

Key Points

• B. Riley cut its WhiteFiber price target to $32 from $38 but maintained a Buy rating, implying 234.6% upside from the stock’s price at the time of the report.
• Analyst sentiment is broadly positive: nine analysts rate the stock Buy, one Hold and one Sell; the consensus rating is Moderate Buy with an average target of $34.33.
• WhiteFiber reported quarterly EPS of -$2.44, missing the -$0.36 consensus estimate, despite revenue rising 18.9% year over year to $24.02 million.

WhiteFiber (NASDAQ:WYFI - Get Free Report) had its target price lowered by research analysts at B. Riley Financial from $38.00 to $32.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's price objective points to a potential upside of 234.59% from the stock's current price.

WYFI has been the subject of a number of other reports. Cantor Fitzgerald raised shares of WhiteFiber from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. HC Wainwright increased their price objective on WhiteFiber from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays boosted their target price on WhiteFiber from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, August 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of WhiteFiber in a research report on Tuesday. Finally, Needham & Company LLC decreased their target price on shares of WhiteFiber from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WhiteFiber currently has a consensus rating of "Moderate Buy" and an average price target of $34.33.

WhiteFiber Price Performance

Shares of WYFI traded down $0.87 during trading hours on Thursday, reaching $9.56. 375,436 shares of the company's stock traded hands, compared to its average volume of 1,733,465. The stock has a market cap of $433.06 million, a PE ratio of -2.54 and a beta of 6.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The firm's 50 day simple moving average is $14.91 and its 200-day simple moving average is $20.75. WhiteFiber has a 12 month low of $7.43 and a 12 month high of $46.87.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($2.08). The company had revenue of $24.02 million during the quarter. WhiteFiber had a negative return on equity of 12.59% and a negative net margin of 132.17%. The company's revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.47) EPS. Equities analysts expect that WhiteFiber will post -1.05 EPS for the current year.

Hedge Funds Weigh In On WhiteFiber

A number of hedge funds have recently modified their holdings of the company. Galaxy Digital Inc. bought a new stake in shares of WhiteFiber in the first quarter worth about $834,000. Tidal Investments LLC lifted its holdings in WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company's stock worth $4,876,000 after buying an additional 67,379 shares during the period. Sei Investments Co. grew its position in shares of WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company's stock worth $859,000 after buying an additional 47,770 shares during the last quarter. Bank of America Corp DE increased its stake in shares of WhiteFiber by 220.9% during the first quarter. Bank of America Corp DE now owns 60,113 shares of the company's stock valued at $716,000 after buying an additional 41,383 shares during the period. Finally, Sculptor Capital LP bought a new position in shares of WhiteFiber during the first quarter valued at approximately $476,000.

About WhiteFiber

WhiteFiber Inc. NASDAQ: WYFI is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.

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