WhiteFiber, Inc. $WYFI Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its stake in WhiteFiber, Inc. (NASDAQ:WYFI) by 115.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 125,510 shares of the company’s stock after buying an additional 67,379 shares during the quarter. Tidal Investments LLC’s holdings in WhiteFiber were worth $4,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of WhiteFiber during the 3rd quarter worth approximately $2,718,000. Vanguard Group Inc. purchased a new stake in WhiteFiber during the third quarter worth $6,563,000. Russell Investments Group Ltd. purchased a new stake in WhiteFiber during the third quarter worth $1,278,000. Van ECK Associates Corp acquired a new stake in WhiteFiber in the third quarter valued at $579,000. Finally, UBS Group AG acquired a new stake in WhiteFiber in the third quarter valued at $763,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $37.00 price target on shares of WhiteFiber in a research note on Thursday, September 3rd. BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of WhiteFiber in a research note on Wednesday, August 12th. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Barclays upped their price target on shares of WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Finally, Needham & Company LLC increased their price target on shares of WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.64.

WhiteFiber Price Performance

Shares of NASDAQ WYFI opened at $19.14 on Monday. The firm has a market cap of $743.59 million and a P/E ratio of -10.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. WhiteFiber, Inc. has a 1 year low of $10.51 and a 1 year high of $46.87. The firm’s 50 day moving average price is $25.03 and its 200 day moving average price is $23.19.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%.The company had revenue of $28.84 million for the quarter. As a group, sell-side analysts anticipate that WhiteFiber, Inc. will post -1.05 earnings per share for the current year.

WhiteFiber Company Profile

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing data center and high-performance computing services. Its platform is designed to support demanding workloads, including artificial intelligence, machine learning, scientific computing and other data-intensive applications.

The company’s services include dedicated computing infrastructure, GPU-based computing, cloud and bare-metal solutions, data center capacity and related managed services. These offerings are intended for organizations that require scalable computing power, secure facilities and reliable connectivity without building and operating all of the necessary infrastructure themselves.

WhiteFiber serves enterprise, technology and specialized computing customers through data center operations and infrastructure located in North America.