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

Key Points

• WhiteFiber has a “Moderate Buy” consensus rating: Of 14 analysts, 11 recommend buying the stock, two rate it a hold and one recommends selling. The average 12-month price target is $36.08, versus a recent share price of $30.35.
• Recent analyst actions were mixed but generally positive: BTIG and Needham maintained or issued buy ratings, with Needham raising its target to $41 and BTIG setting a $50 target; Barclays raised its target to $32 while keeping an equal-weight rating.
• WhiteFiber reported quarterly revenue of $28.84 million and an adjusted loss of $0.39 per share, narrowly beating estimates. The company remains unprofitable, with a negative net margin of 46.87%, while several institutional investors recently initiated or expanded positions.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.0833.

Several equities analysts have commented on WYFI shares. Weiss Ratings downgraded WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, August 12th. BTIG Research reaffirmed a "buy" rating and set a $50.00 price objective on shares of WhiteFiber in a report on Wednesday, August 12th. B. Riley Financial reiterated a "buy" rating on shares of WhiteFiber in a research note on Monday, May 18th. Barclays boosted their target price on shares of WhiteFiber from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Needham & Company LLC raised their price target on WhiteFiber from $38.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday.

Institutional Trading of WhiteFiber

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYFI. Situational Awareness LP acquired a new position in shares of WhiteFiber during the fourth quarter worth approximately $27,770,000. Clearfield Capital Management LP grew its stake in shares of WhiteFiber by 426.6% in the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company's stock worth $20,756,000 after acquiring an additional 1,064,177 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of WhiteFiber in the third quarter worth $9,105,000. Wasatch Advisors LP bought a new position in WhiteFiber during the third quarter worth $8,382,000. Finally, CenterBook Partners LP bought a new position in WhiteFiber during the fourth quarter worth $3,873,000.

WhiteFiber Price Performance

Shares of NASDAQ:WYFI opened at $30.35 on Tuesday. The stock has a market capitalization of $1.18 billion and a P/E ratio of -16.49. The business has a 50-day moving average of $30.42 and a two-hundred day moving average of $23.01. WhiteFiber has a fifty-two week low of $10.51 and a fifty-two week high of $46.87. 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 (NASDAQ:WYFI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%.The business had revenue of $28.84 million for the quarter. On average, equities research analysts predict that WhiteFiber will post -0.97 EPS 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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