WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• WhiteFiber has a consensus analyst rating of “Moderate Buy” from 13 covering firms, with 10 buy ratings, 2 hold ratings, and 1 sell rating. The average 12-month price target is about $31.18.
• Recent analyst actions were mixed: BTIG and Needham maintained buy ratings, Cantor Fitzgerald started coverage with a neutral rating and a $13 target, and Weiss Ratings reiterated a sell rating.
• The stock was trading up 4.8% at $21.25, while the company’s latest quarterly results showed an EPS loss wider than expected at ($0.67) versus the consensus estimate of ($0.14), despite revenue coming in slightly above estimates.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.1818.

Several equities research analysts have recently issued reports on WYFI shares. BTIG Research assumed coverage on WhiteFiber in a report on Friday, April 10th. They set a "buy" rating and a $20.00 price target for the company. HC Wainwright reduced 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. Weiss Ratings reiterated a "sell (d)" rating on shares of WhiteFiber in a research note on Friday, March 27th. Cantor Fitzgerald assumed coverage on shares of WhiteFiber in a research note on Thursday, April 9th. They issued a "neutral" rating and a $13.00 target price for the company. Finally, Needham & Company LLC reduced their target price on shares of WhiteFiber from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Friday, March 27th.

Institutional Trading of WhiteFiber

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of WhiteFiber in the fourth quarter worth about $30,000. Royal Bank of Canada lifted its position in shares of WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock worth $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of WhiteFiber in the fourth quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of WhiteFiber in the fourth quarter worth about $55,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of WhiteFiber in the fourth quarter worth $106,000.

WhiteFiber Trading Up 4.8%

WYFI opened at $21.25 on Friday. The stock has a market cap of $815.36 million and a price-to-earnings ratio of -18.64. WhiteFiber has a 1 year low of $10.51 and a 1 year high of $40.75. The stock has a fifty day moving average price of $15.37 and a 200 day moving average price of $18.84.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $23.56 million during the quarter, compared to the consensus estimate of $23.07 million. As a group, sell-side analysts forecast that WhiteFiber will post -0.93 earnings per share for the current fiscal year.

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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