Lazard Asset Management LLC Raises Stake in WhiteFiber, Inc. $WYFI

Lazard Asset Management LLC grew its stake in WhiteFiber, Inc. (NASDAQ:WYFI) by 16.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,693 shares of the company’s stock after acquiring an additional 18,928 shares during the quarter. Lazard Asset Management LLC owned about 0.35% of WhiteFiber worth $1,580,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Galaxy Digital Inc. purchased a new stake in shares of WhiteFiber in the first quarter valued at about $834,000. Situational Awareness LP purchased a new position in WhiteFiber during the fourth quarter worth about $27,770,000. Buffalo Business & Estate Services Ltd. purchased a new position in WhiteFiber during the first quarter worth about $602,000. CenterBook Partners LP acquired a new position in WhiteFiber in the 4th quarter valued at about $3,873,000. Finally, Sculptor Capital LP acquired a new position in WhiteFiber in the 1st quarter valued at about $476,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of WhiteFiber from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Cantor Fitzgerald upped their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. BTIG Research raised their target price on WhiteFiber from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Needham & Company LLC lifted their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.83.

WhiteFiber Price Performance

Shares of WYFI opened at $26.60 on Wednesday. WhiteFiber, Inc. has a 1-year low of $10.51 and a 1-year high of $46.87. The stock has a market cap of $1.03 billion and a PE ratio of -18.34. The firm has a 50-day simple moving average of $30.77 and a two-hundred day simple moving average of $22.58. 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 released its quarterly earnings results 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). The company had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, analysts forecast that WhiteFiber, Inc. will post -1.26 EPS for the current year.

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.