JPMorgan Chase & Co. Invests $2.72 Million in WhiteFiber, Inc. $WYFI

Key Points

• JPMorgan Chase & Co. bought 100,047 shares of WhiteFiber (WYFI) in Q3 — a stake valued at about $2.72 million, representing roughly 0.26% of the company at quarter-end.
• Wall Street consensus is a "Moderate Buy" with an average price target of $34.44; nine analysts rate WYFI Buy, one Hold and one Sell.
• WYFI opened at $11.62; the company reported Q EPS of -$0.67 (missing the -$0.14 estimate) while revenue was $23.56M (slightly above estimates), and the 52-week range is $10.51–$40.75.

JPMorgan Chase & Co. bought a new stake in WhiteFiber, Inc. (NASDAQ:WYFI - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,047 shares of the company's stock, valued at approximately $2,718,000. JPMorgan Chase & Co. owned 0.26% of WhiteFiber at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WYFI. Prelude Capital Management LLC acquired a new stake in WhiteFiber in the 3rd quarter valued at about $258,000. J.W. Cole Advisors Inc. acquired a new position in shares of WhiteFiber during the third quarter worth about $260,000. Militia Capital Partners LP acquired a new position in shares of WhiteFiber during the third quarter worth about $326,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of WhiteFiber during the third quarter worth approximately $349,000. Finally, Pentwater Capital Management LP acquired a new stake in WhiteFiber in the third quarter valued at approximately $353,000.

Wall Street Analysts Forecast Growth

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 Friday, March 27th. B. Riley Financial reduced their price objective on shares of WhiteFiber from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, December 24th. Needham & Company LLC decreased their price objective on shares of WhiteFiber from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, March 27th. HC Wainwright lowered their target price on shares of WhiteFiber from $34.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 27th. Finally, Compass Point began coverage on WhiteFiber in a research note on Tuesday, December 16th. They issued a "buy" rating and a $32.00 price target on the stock. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.44.

WhiteFiber Price Performance

Shares of WYFI opened at $11.62 on Monday. The company has a market capitalization of $445.86 million and a price-to-earnings ratio of -10.19. WhiteFiber, Inc. has a 52-week low of $10.51 and a 52-week high of $40.75. The stock has a 50 day moving average price of $16.57 and a 200 day moving average price of $21.10.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $23.56 million for the quarter, compared to the consensus estimate of $23.07 million.

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.

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