WhiteFiber, Inc. (NASDAQ:WYFI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Twelve brokerages rate WhiteFiber an average “Moderate Buy,” with 10 buy ratings, one hold and one sell. The average 12-month price target is $38.64, well above the stock’s reported $19.14 price.
• Recent analyst actions were mixed but generally constructive, including Cantor Fitzgerald’s upgrade to “overweight” and target increase to $36, while Barclays maintained an “equal weight” rating with a $32 target.
• WhiteFiber remains unprofitable but slightly exceeded quarterly EPS expectations, reporting a loss of $0.39 per share versus consensus of $0.40 and revenue of $28.84 million. The company operates AI infrastructure, HPC data centers and cloud-based GPU services.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.6364.

Several equities research analysts have recently commented on WYFI shares. HC Wainwright reissued a "buy" rating and set a $37.00 target price on shares of WhiteFiber in a research report on Thursday, September 3rd. B. Riley Financial reaffirmed a "buy" rating on shares of WhiteFiber in a research report on Monday, May 18th. Barclays lifted their price target on WhiteFiber from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 14th. Cantor Fitzgerald raised WhiteFiber from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently bought and sold shares of WYFI. Integrated Wealth Concepts LLC bought a new position in WhiteFiber during the 2nd quarter valued at $36,000. Royal Bank of Canada grew its stake in shares of WhiteFiber by 108.2% in the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock worth $37,000 after acquiring an additional 1,244 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of WhiteFiber by 5.3% in the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company's stock valued at $782,000 after purchasing an additional 2,477 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber in the fourth quarter valued at about $44,000. Finally, CoreCap Advisors LLC bought a new position in shares of WhiteFiber during the second quarter valued at about $235,000.

WhiteFiber Stock Performance

NASDAQ WYFI opened at $19.14 on Friday. The company has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $23.14. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $46.87. 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 company has a market cap of $743.59 million and a P/E ratio of -10.40.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The business had revenue of $28.84 million during the quarter. Sell-side analysts predict that WhiteFiber will post -1.05 earnings per share for the current fiscal year.

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.

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