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

Key Points

• Analysts give WhiteFiber a consensus rating of Moderate Buy from 13 firms (10 buys, 2 holds, 1 sell), with an average 12‑month price target of $31.18.
• In its latest quarter WhiteFiber reported EPS of -$0.67, missing the -$0.14 consensus by $0.53, while revenue was $23.56 million, slightly above estimates.
• WYFI opened at $16.09, trades in a 12‑month range of $10.51–$40.75, has a market cap of about $617.4 million and a negative P/E of -14.11.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.1818.

Several brokerages have recently issued reports on WYFI. Needham & Company LLC reduced their target price on WhiteFiber from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, March 27th. BTIG Research began coverage on WhiteFiber in a report on Friday, April 10th. They issued a "buy" rating and a $20.00 target price on the stock. Cantor Fitzgerald began coverage on WhiteFiber in a report on Thursday, April 9th. They issued a "neutral" rating and a $13.00 target price on the stock. Compass Point began coverage on WhiteFiber in a report on Tuesday, December 16th. They issued a "buy" rating and a $32.00 target price on the stock. Finally, HC Wainwright reduced their target price on WhiteFiber from $34.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 27th.

Institutional Investors Weigh In On WhiteFiber

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in WhiteFiber by 108.2% during the fourth 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 during the last quarter. Strs Ohio bought a new stake in WhiteFiber during the fourth quarter worth approximately $30,000. Shikiar Asset Management Inc. increased its stake in WhiteFiber by 4.9% during the fourth quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company's stock worth $771,000 after acquiring an additional 2,290 shares during the last quarter. Russell Investments Group Ltd. increased its stake in WhiteFiber by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company's stock worth $782,000 after acquiring an additional 2,477 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in WhiteFiber during the fourth quarter worth approximately $44,000.

WhiteFiber Trading Up 5.8%

Shares of WYFI stock opened at $16.09 on Wednesday. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $40.75. The stock's 50-day moving average price is $15.65 and its 200-day moving average price is $20.53. The stock has a market capitalization of $617.37 million and a price-to-earnings ratio of -14.11.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last issued its earnings results on Thursday, March 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.53). The firm had revenue of $23.56 million during the quarter, compared to analysts' expectations of $23.07 million.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.