Toroso Investments LLC Boosts Stake in Wallbox (NYSE:WBX)

Toroso Investments LLC raised its stake in shares of Wallbox (NYSE:WBX – Get Rating) by 49.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 124,978 shares of the company’s stock after purchasing an additional 41,387 shares during the period. Toroso Investments LLC’s holdings in Wallbox were worth $985,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Wallbox by 207.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,024 shares of the company’s stock worth $47,000 after buying an additional 4,065 shares during the period. Creative Planning purchased a new position in shares of Wallbox in the third quarter valued at about $81,000. LPL Financial LLC purchased a new stake in shares of Wallbox during the second quarter worth about $98,000. Goldman Sachs Group Inc. raised its stake in Wallbox by 17.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 21,747 shares of the company’s stock valued at $193,000 after purchasing an additional 3,161 shares during the period. Finally, Prelude Capital Management LLC boosted its stake in Wallbox by 61.0% in the 3rd quarter. Prelude Capital Management LLC now owns 27,116 shares of the company’s stock worth $214,000 after purchasing an additional 10,271 shares during the period. 5.31% of the stock is owned by hedge funds and other institutional investors.

Wallbox Stock Down 4.4 %

Wallbox stock opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.61 and a quick ratio of 1.24. Wallbox has a 1-year low of $3.14 and a 1-year high of $14.00. The company’s 50-day moving average is $5.24 and its 200 day moving average is $5.90.

Analyst Ratings Changes

Several analysts have commented on WBX shares. Credit Suisse Group decreased their price target on shares of Wallbox from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday. Chardan Capital decreased their target price on Wallbox from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. UBS Group reduced their price objective on Wallbox from $14.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, January 10th. Northland Securities initiated coverage on Wallbox in a research report on Tuesday, November 22nd. They set an “outperform” rating and a $16.00 target price for the company. Finally, Robert W. Baird lowered their price objective on shares of Wallbox from $14.00 to $11.00 in a research report on Thursday, March 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.09.

Wallbox Company 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.