WhiteFiber (NASDAQ:WYFI) Price Target Cut to $30.00 by Analysts at BTIG Research

WhiteFiber (NASDAQ:WYFI) had its price target decreased by research analysts at BTIG Research from $50.00 to $30.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research‘s price objective would indicate a potential upside of 225.73% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. HC Wainwright upped their price target on shares of WhiteFiber from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a report on Tuesday. Barclays boosted their price objective on shares of WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $36.00 in a research report on Thursday, August 13th. Finally, Needham & Company LLC reduced their target price on shares of WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday. 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.22.

WhiteFiber Stock Performance

Shares of WhiteFiber stock opened at $9.21 on Wednesday. The stock’s fifty day moving average is $15.05 and its two-hundred day moving average is $20.80. The company has a market capitalization of $417.04 million, a PE ratio of -5.01 and a beta of 6.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. WhiteFiber has a 52 week low of $7.43 and a 52 week high of $46.87.

WhiteFiber (NASDAQ:WYFI) last released its earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($2.08). WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The business had revenue of $24.02 million for the quarter. During the same period last year, the business posted ($0.47) EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, analysts expect that WhiteFiber will post -1.05 earnings per share for the current year.

Institutional Investors Weigh In On WhiteFiber

Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC grew its position in shares of WhiteFiber by 160.0% during the 3rd quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock worth $47,000 after buying an additional 1,600 shares in the last quarter. Penn Capital Management Company LLC increased its stake in shares of WhiteFiber by 37.0% during the third quarter. Penn Capital Management Company LLC now owns 28,940 shares of the company’s stock valued at $521,000 after buying an additional 7,813 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of WhiteFiber during the third quarter valued at $55,000. Polaris Financial Partners bought a new stake in shares of WhiteFiber in the third quarter valued at about $27,000. Finally, Tidal Investments LLC raised its holdings in shares of WhiteFiber by 115.9% in the second quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after acquiring an additional 67,379 shares in the last quarter.

About WhiteFiber

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.