Wallbox (NYSE:WBX) Director Francisco Jose Riberas Mera Purchases 501,361 Shares

Wallbox N.V. (NYSE:WBX) Director Francisco Jose Riberas Mera purchased 501,361 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $2.72 per share, for a total transaction of $1,363,701.92. Following the completion of the acquisition, the director directly owned 2,539,771 shares in the company, valued at $6,908,177.12. The trade was a 24.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wallbox Price Performance

Shares of NYSE:WBX opened at $4.21 on Friday. The firm has a 50 day simple moving average of $3.11 and a 200 day simple moving average of $2.97. Wallbox N.V. has a one year low of $2.30 and a one year high of $7.83.

Wallbox (NYSE:WBX) 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 firm had revenue of $34.38 million for the quarter, compared to analyst estimates of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated a “neutral” rating and set a $4.00 price objective (up from $3.00) on shares of Wallbox in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.33.

Institutional Investors Weigh In On Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC acquired a new position in shares of Wallbox N.V. (NYSE:WBX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox at the end of the most recent reporting period. 36.94% of the stock is owned by institutional investors and hedge funds.

About Wallbox

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.