WhiteFiber, Inc. $WYFI Shares Acquired by UBS Group AG

UBS Group AG grew its holdings in WhiteFiber, Inc. (NASDAQ:WYFI) by 604.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,714 shares of the company’s stock after buying an additional 169,646 shares during the quarter. UBS Group AG owned about 0.52% of WhiteFiber worth $3,124,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Shikiar Asset Management Inc. lifted its holdings in shares of WhiteFiber by 4.9% in the 4th 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 acquired a new stake in shares of WhiteFiber in the 4th quarter valued at approximately $55,000. Prelude Capital Management LLC acquired a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $258,000. J.W. Cole Advisors Inc. acquired a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $260,000. Finally, Militia Capital Partners LP acquired a new position in WhiteFiber during the third quarter worth $326,000.

Wall Street Analysts Forecast Growth

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

WhiteFiber Stock Performance

Shares of WYFI stock opened at $30.19 on Tuesday. The stock has a fifty day moving average price of $17.73 and a 200 day moving average price of $18.36. The stock has a market cap of $1.17 billion and a PE ratio of -20.82. WhiteFiber, Inc. has a 1 year low of $10.51 and a 1 year high of $40.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current 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 for the quarter, missing analysts’ consensus estimates 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 company had revenue of $21.92 million during the quarter. The firm’s revenue was up 30.4% compared to the same quarter last year. Sell-side analysts forecast that WhiteFiber, Inc. will post -1.01 earnings per share for the current fiscal 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.