Wallbox (NYSE:WBX) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC lifted its holdings in Wallbox (NYSE:WBXGet Rating) by 11.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,984 shares of the company’s stock after purchasing an additional 3,519 shares during the period. Walleye Capital LLC’s holdings in Wallbox were worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WBX. Invesco Ltd. acquired a new position in shares of Wallbox in the fourth quarter valued at approximately $25,937,000. First Trust Advisors LP purchased a new position in Wallbox in the first quarter worth approximately $12,279,000. Luxor Capital Group LP purchased a new position in Wallbox in the fourth quarter worth approximately $8,084,000. JPMorgan Chase & Co. lifted its stake in Wallbox by 646.9% in the first quarter. JPMorgan Chase & Co. now owns 121,909 shares of the company’s stock worth $1,554,000 after acquiring an additional 105,586 shares during the last quarter. Finally, Kepos Capital LP purchased a new position in Wallbox in the fourth quarter worth approximately $490,000. Institutional investors and hedge funds own 4.13% of the company’s stock.

Wallbox Stock Down 5.2 %

Shares of Wallbox stock opened at $8.37 on Friday. The firm’s fifty day simple moving average is $9.04 and its 200-day simple moving average is $10.31. Wallbox has a 12 month low of $8.01 and a 12 month high of $27.50. The company has a quick ratio of 1.31, a current ratio of 1.48 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Wallbox in a research note on Friday, August 5th. They issued an “overweight” rating and a $14.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Wallbox from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Bank of America started coverage on shares of Wallbox in a research note on Friday, May 27th. They issued a “neutral” rating for the company. Credit Suisse Group started coverage on shares of Wallbox in a research report on Wednesday, September 7th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Canaccord Genuity Group started coverage on shares of Wallbox in a research report on Wednesday, July 13th. They set a “buy” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.30.

Wallbox Profile

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Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, an AC smart charger for home or multi-family residence; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle, and enables to use car battery to power home or sell energy back to the grid; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks.

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Institutional Ownership by Quarter for Wallbox (NYSE:WBX)

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