Tidal Investments LLC Raises Stake in WhiteFiber, Inc. $WYFI

Key Points

• Tidal Investments more than doubled its WhiteFiber stake in the second quarter, increasing holdings by 115.9% to 125,510 shares valued at approximately $4.9 million. Several other institutional investors also initiated or expanded positions.
• WhiteFiber reported quarterly revenue of $28.84 million and an adjusted loss of $0.39 per share, slightly beating analyst expectations, but continued to post negative margins and return on equity.
• Analysts remain generally optimistic, with a consensus rating of “Moderate Buy” and an average price target of $38.64, compared with the stock’s reported price of $19.14.

Tidal Investments LLC raised its holdings in WhiteFiber, Inc. (NASDAQ:WYFI - Free Report) by 115.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,510 shares of the company's stock after purchasing an additional 67,379 shares during the quarter. Tidal Investments LLC owned about 0.32% of WhiteFiber worth $4,876,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. WINTON GROUP Ltd purchased a new position in shares of WhiteFiber during the second quarter worth about $439,000. Integrated Wealth Concepts LLC purchased a new stake in WhiteFiber during the 2nd quarter valued at approximately $36,000. Round Rock Advisors LLC lifted its position in WhiteFiber by 146.6% during the 2nd quarter. Round Rock Advisors LLC now owns 45,386 shares of the company's stock worth $1,763,000 after acquiring an additional 26,981 shares during the period. CoreCap Advisors LLC acquired a new stake in WhiteFiber during the 2nd quarter worth approximately $235,000. Finally, Bank of America Corp DE grew its stake in shares of WhiteFiber by 220.9% in the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company's stock valued at $716,000 after purchasing an additional 41,383 shares during the last quarter.

WhiteFiber Price Performance

WYFI opened at $19.14 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $46.87. The stock has a market capitalization of $743.59 million and a P/E ratio of -10.40. The business has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $23.19.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.01. The firm had revenue of $28.84 million for the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. On average, equities analysts anticipate that WhiteFiber, Inc. will post -1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WYFI has been the subject of several analyst reports. HC Wainwright restated a "buy" rating and set a $37.00 price target on shares of WhiteFiber in a research note on Thursday, September 3rd. Cantor Fitzgerald raised shares of WhiteFiber from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $27.00 to $36.00 in a research note on Thursday, August 13th. BTIG Research restated a "buy" rating and set a $50.00 price objective on shares of WhiteFiber in a research report on Wednesday, August 12th. Weiss Ratings cut shares of WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Finally, Barclays lifted their target price on shares of WhiteFiber from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, August 14th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.64.

About WhiteFiber

WhiteFiber, Inc NASDAQ: WYFI is a digital infrastructure company focused on providing data center and high-performance computing services. Its platform is designed to support demanding workloads, including artificial intelligence, machine learning, scientific computing and other data-intensive applications.

The company's services include dedicated computing infrastructure, GPU-based computing, cloud and bare-metal solutions, data center capacity and related managed services. These offerings are intended for organizations that require scalable computing power, secure facilities and reliable connectivity without building and operating all of the necessary infrastructure themselves.

WhiteFiber serves enterprise, technology and specialized computing customers through data center operations and infrastructure located in North America.

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