Monashee Investment Management LLC Takes $9.65 Million Position in WhiteFiber, Inc. $WYFI

Monashee Investment Management LLC purchased a new position in shares of WhiteFiber, Inc. (NASDAQ:WYFI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 355,000 shares of the company’s stock, valued at approximately $9,645,000. WhiteFiber accounts for approximately 4.8% of Monashee Investment Management LLC’s investment portfolio, making the stock its 3rd biggest position. Monashee Investment Management LLC owned 0.94% of WhiteFiber as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WYFI. Zweig DiMenna Associates LLC acquired a new position in WhiteFiber in the 3rd quarter valued at $5,214,000. Vanguard Group Inc. acquired a new stake in shares of WhiteFiber in the 3rd quarter worth $6,563,000. JPMorgan Chase & Co. purchased a new stake in shares of WhiteFiber in the third quarter valued at about $2,718,000. J.W. Cole Advisors Inc. acquired a new position in shares of WhiteFiber during the third quarter worth about $260,000. Finally, Principal Financial Group Inc. acquired a new position in shares of WhiteFiber during the third quarter worth about $1,534,000.

WhiteFiber Stock Performance

WYFI stock opened at $16.85 on Friday. The firm’s 50 day moving average is $18.33. WhiteFiber, Inc. has a 12-month low of $13.91 and a 12-month high of $40.75. The firm has a market cap of $644.68 million and a P/E ratio of -35.85.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. B. Riley Financial reduced their price objective on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Roth Mkm cut their target price on WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Citigroup initiated coverage on WhiteFiber in a report on Wednesday, November 19th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Finally, HC Wainwright reiterated a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research report on Monday, January 26th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.22.

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.