Zweig DiMenna Associates LLC Purchases New Holdings in WhiteFiber, Inc. $WYFI

Zweig DiMenna Associates LLC acquired a new position in WhiteFiber, Inc. (NASDAQ:WYFI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 191,900 shares of the company’s stock, valued at approximately $5,214,000. Zweig DiMenna Associates LLC owned about 0.51% of WhiteFiber at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WYFI. J.W. Cole Advisors Inc. purchased a new position in WhiteFiber in the third quarter valued at about $260,000. Gladstone Institutional Advisory LLC purchased a new position in shares of WhiteFiber during the 3rd quarter valued at $349,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in WhiteFiber in the 3rd quarter worth about $1,167,000. Principal Financial Group Inc. bought a new stake in WhiteFiber in the 3rd quarter valued at about $1,534,000. Finally, JPMorgan Chase & Co. purchased a new stake in WhiteFiber during the third quarter valued at about $2,718,000.

WhiteFiber Trading Up 6.8%

Shares of WYFI opened at $19.42 on Tuesday. WhiteFiber, Inc. has a 12-month low of $13.91 and a 12-month high of $40.75. The company has a market cap of $743.01 million and a P/E ratio of -41.32. The firm’s 50-day simple moving average is $18.19.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citizens Jmp assumed coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $37.00 target price for the company. Citigroup began coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They issued an “outperform” rating for the company. B. Riley Financial dropped their target price on WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. HC Wainwright reiterated a “buy” rating and issued a $34.00 price target on shares of WhiteFiber in a research report on Monday, January 26th. Finally, Needham & Company LLC dropped their price objective on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.30.

WhiteFiber 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.