Monashee Investment Management LLC Has $2.21 Million Stock Holdings in WhiteFiber, Inc. $WYFI

Monashee Investment Management LLC decreased its stake in WhiteFiber, Inc. (NASDAQ:WYFI) by 60.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,000 shares of the company’s stock after selling 215,000 shares during the period. WhiteFiber accounts for about 1.2% of Monashee Investment Management LLC’s holdings, making the stock its 27th biggest holding. Monashee Investment Management LLC owned 0.37% of WhiteFiber worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WYFI. Fortress Investment Group LLC acquired a new stake in WhiteFiber during the third quarter worth approximately $4,301,000. JPMorgan Chase & Co. acquired a new stake in WhiteFiber during the third quarter worth approximately $2,718,000. Principal Financial Group Inc. acquired a new stake in WhiteFiber during the third quarter worth approximately $1,534,000. Clearfield Capital Management LP acquired a new stake in WhiteFiber during the third quarter worth approximately $6,778,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in WhiteFiber during the third quarter worth approximately $5,214,000.

Analysts Set New Price Targets

Several research firms recently commented on WYFI. HC Wainwright decreased their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Barclays began coverage on WhiteFiber in a research note on Tuesday. They set an “equal weight” rating and a $27.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Finally, Cantor Fitzgerald raised their target price on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.42.

WhiteFiber Stock Up 7.6%

Shares of NASDAQ:WYFI opened at $24.55 on Friday. The business’s 50 day simple moving average is $21.32 and its two-hundred day simple moving average is $18.85. The firm has a market cap of $947.88 million and a P/E ratio of -16.93. 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, Inc. has a 52-week low of $10.51 and a 52-week high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced 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). The firm had revenue of $21.92 million during the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The business’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, research analysts forecast that WhiteFiber, Inc. will post -1.01 EPS for the current fiscal year.

WhiteFiber Company 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.