Toroso Investments LLC increased its stake in Wallbox (NYSE:WBX – Get Rating) by 49.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,978 shares of the company’s stock after purchasing an additional 41,387 shares during the period. Toroso Investments LLC owned 0.08% of Wallbox worth $985,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in shares of Wallbox by 207.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,024 shares of the company’s stock valued at $47,000 after buying an additional 4,065 shares during the period. Creative Planning acquired a new stake in Wallbox in the third quarter worth about $81,000. LPL Financial LLC bought a new stake in Wallbox during the 2nd quarter worth about $98,000. Goldman Sachs Group Inc. acquired a new position in Wallbox during the 1st quarter valued at about $237,000. Finally, Polar Capital Holdings Plc bought a new position in shares of Wallbox in the 1st quarter valued at about $323,000. Institutional investors own 5.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on WBX shares. Credit Suisse Group cut their price objective on shares of Wallbox from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. Chardan Capital decreased their price objective on Wallbox from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Robert W. Baird cut their target price on Wallbox from $14.00 to $11.00 in a research note on Thursday, March 2nd. UBS Group decreased their target price on Wallbox from $14.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, January 10th. Finally, Northland Securities assumed coverage on shares of Wallbox in a research report on Tuesday, November 22nd. They issued an “outperform” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.09.
Wallbox Trading Down 4.4 %
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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