Key Points
- Wallbox director Marc Sabe Richer bought 501,361 shares on June 30 at an average price of $2.72 each, increasing his direct holdings by about 49.6% to 1,512,758 shares.
- The purchase was worth about $1.36 million and was disclosed in an SEC filing, signaling notable insider buying activity at the EV charging company.
- Wallbox recently reported a smaller-than-expected quarterly loss of ($1.31) per share, but revenue fell short of estimates; analysts currently rate the stock a Hold with a consensus target price of $5.33.
Wallbox N.V. (NYSE:WBX - Get Free Report) CEO Enric Asuncion Escorsa acquired 325,885 shares of Wallbox stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $2.72 per share, with a total value of $886,407.20. Following the completion of the purchase, the chief executive officer owned 1,218,952 shares in the company, valued at approximately $3,315,549.44. This represents a 36.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Wallbox Stock Performance
Shares of NYSE WBX opened at $4.21 on Friday. Wallbox N.V. has a one year low of $2.30 and a one year high of $7.83. The business has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $2.97.
Wallbox (NYSE:WBX - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($1.31) earnings per share for the quarter, beating analysts' consensus estimates of ($1.81) by $0.50. The company had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.
Hedge Funds Weigh In On Wallbox
A hedge fund recently bought a new position in Wallbox stock. GM Advisory Group LLC purchased a new stake in Wallbox N.V. (NYSE:WBX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,500 shares of the company's stock, valued at approximately $43,000. GM Advisory Group LLC owned 0.10% of Wallbox as of its most recent SEC filing. Institutional investors and hedge funds own 36.94% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, UBS Group reiterated a "neutral" rating and issued a $4.00 target price (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.33.
Check Out Our Latest Research Report on Wallbox
Wallbox Company Profile
(
Get Free Report)
Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company's product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.
Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.
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