Monashee Investment Management LLC Sells 215,000 Shares of WhiteFiber, Inc. $WYFI

Monashee Investment Management LLC lowered its position in WhiteFiber, Inc. (NASDAQ:WYFI) by 60.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,000 shares of the company’s stock after selling 215,000 shares during the period. WhiteFiber accounts for about 1.2% of Monashee Investment Management LLC’s holdings, making the stock its 27th biggest position. Monashee Investment Management LLC’s holdings in WhiteFiber were worth $2,212,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WYFI. Strs Ohio bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $55,000. Deutsche Bank AG bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $115,000. LPL Financial LLC bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $190,000. Finally, Nuveen LLC bought a new position in shares of WhiteFiber in the fourth quarter valued at approximately $201,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WYFI. BTIG Research raised their target price on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Cantor Fitzgerald raised their target price on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Barclays began coverage on WhiteFiber in a report on Tuesday. They issued an “equal weight” rating and a $27.00 target price on the stock. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, WhiteFiber currently has a consensus rating of “Moderate Buy” and an average price target of $33.42.

WhiteFiber Stock Performance

Shares of WhiteFiber stock opened at $24.55 on Friday. The business’s fifty day simple moving average is $21.32 and its 200 day simple moving average is $18.85. The firm has a market capitalization of $947.88 million and a P/E ratio of -16.93. WhiteFiber, Inc. has a 12 month low of $10.51 and a 12 month high of $40.75. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.63.

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

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.