Situational Awareness LP Takes Position in WhiteFiber, Inc. $WYFI

Situational Awareness LP purchased a new stake in WhiteFiber, Inc. (NASDAQ:WYFI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,757,600 shares of the company’s stock, valued at approximately $27,770,000. WhiteFiber makes up 0.5% of Situational Awareness LP’s investment portfolio, making the stock its 17th biggest holding. Situational Awareness LP owned about 4.59% of WhiteFiber at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in WhiteFiber during the fourth quarter valued at $30,000. Shikiar Asset Management Inc. boosted its stake in WhiteFiber by 4.9% during the fourth quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after buying an additional 2,290 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in WhiteFiber during the fourth quarter valued at $55,000. Penn Capital Management Company LLC boosted its stake in WhiteFiber by 33.3% during the fourth quarter. Penn Capital Management Company LLC now owns 26,804 shares of the company’s stock valued at $424,000 after buying an additional 6,703 shares during the period. Finally, Prelude Capital Management LLC bought a new stake in WhiteFiber during the third quarter valued at $258,000.

WhiteFiber Trading Down 15.3%

Shares of WYFI stock opened at $23.27 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $20.36 and a two-hundred day moving average price of $18.67. WhiteFiber, Inc. has a 12-month low of $10.51 and a 12-month high of $40.75. The firm has a market cap of $898.45 million and a P/E ratio of -16.05.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald lifted their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. BTIG Research lifted their price objective on WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Needham & Company LLC lifted their price objective on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteFiber has an average rating of “Moderate Buy” and an average target price of $34.00.

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.