Buffalo Business & Estate Services Ltd. Invests $602,000 in WhiteFiber, Inc. $WYFI

Buffalo Business & Estate Services Ltd. bought a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,519 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Situational Awareness LP bought a new stake in WhiteFiber during the 4th quarter worth about $27,770,000. Clearfield Capital Management LP raised its stake in shares of WhiteFiber by 426.6% in the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after acquiring an additional 1,064,177 shares during the last quarter. Monashee Investment Management LLC acquired a new position in shares of WhiteFiber during the third quarter worth approximately $9,645,000. Marshall Wace LLP acquired a new position in shares of WhiteFiber during the third quarter worth approximately $9,105,000. Finally, Wasatch Advisors LP bought a new stake in shares of WhiteFiber during the third quarter valued at approximately $8,382,000.

WhiteFiber Trading Up 16.3%

WYFI opened at $44.77 on Tuesday. The firm has a 50 day simple moving average of $24.50 and a 200 day simple moving average of $19.62. WhiteFiber, Inc. has a fifty-two week low of $10.51 and a fifty-two week high of $46.87. The company has a market cap of $1.73 billion and a price-to-earnings ratio of -30.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77.

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

Analysts Set New Price Targets

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

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.