WhiteFiber (NASDAQ:WYFI) Earns Equal Weight Rating from Analysts at Barclays

Barclays began coverage on shares of WhiteFiber (NASDAQ:WYFI) in a research note issued on Tuesday. The firm set an “equal weight” rating and a $27.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 15.38% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC raised their price objective on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. BTIG Research raised their price objective on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Finally, Cantor Fitzgerald raised their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WhiteFiber presently has an average rating of “Moderate Buy” and an average price target of $33.42.

WhiteFiber Price Performance

WhiteFiber stock opened at $23.40 on Tuesday. The stock’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $18.72. WhiteFiber has a one year low of $10.51 and a one year high of $40.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market cap of $903.47 million and a PE ratio of -16.14.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The business had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. As a group, research analysts expect that WhiteFiber will post -1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in WhiteFiber during the 4th quarter worth approximately $30,000. Royal Bank of Canada raised its stake in WhiteFiber by 108.2% during the 4th 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 period. Police & Firemen s Retirement System of New Jersey acquired a new position in WhiteFiber during the 4th quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in WhiteFiber during the 4th quarter worth approximately $55,000. Finally, MetLife Investment Management LLC acquired a new position in WhiteFiber during the 4th quarter worth approximately $106,000.

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.