Portolan Capital Management LLC Buys Shares of 160,669 WhiteFiber, Inc. $WYFI

Portolan Capital Management LLC bought a new position in shares of WhiteFiber, Inc. (NASDAQ:WYFI) during the 3rd quarter, Holdings Channel reports. The fund bought 160,669 shares of the company’s stock, valued at approximately $4,365,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of WhiteFiber in the 3rd quarter valued at about $1,534,000. Monashee Investment Management LLC acquired a new stake in shares of WhiteFiber during the 3rd quarter valued at approximately $9,645,000. Zweig DiMenna Associates LLC purchased a new stake in shares of WhiteFiber during the 3rd quarter worth approximately $5,214,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of WhiteFiber during the 3rd quarter worth approximately $1,167,000. Finally, Marshall Wace LLP acquired a new stake in shares of WhiteFiber in the 3rd quarter worth approximately $9,105,000.

Analyst Ratings Changes

WYFI has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $34.00 price objective on shares of WhiteFiber in a research note on Monday, January 26th. Needham & Company LLC lowered their target price on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Roth Mkm dropped their price target on WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Citizens Jmp set a $37.00 price target on WhiteFiber in a research note on Wednesday, November 19th. Finally, Citigroup began coverage on shares of WhiteFiber in a research report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.22.

WhiteFiber Stock Down 6.1%

WYFI opened at $15.75 on Friday. The firm has a market cap of $602.60 million and a P/E ratio of -33.51. The business’s fifty day simple moving average is $18.24 and its 200 day simple moving average is $21.58. WhiteFiber, Inc. has a 52 week low of $13.91 and a 52 week high of $40.75.

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.