Key Points
- Director Michael Jr. Thompson bought 1,100 shares of Joby on Dec. 31 at an average price of $13.24 (total ≈$14,564), a purchase disclosed in an SEC Form 4 that left him directly owning 550 shares.
- Joby recently reported a quarterly EPS of -$0.48 (missing the consensus -$0.19) with revenue of $22.57M (up ~7,962% YoY); the company has a market cap of ≈$13.1B and analysts forecast about -0.69 EPS for the year.
- Institutional investors own about 52.85% of the stock, led by Toyota with ≈128.45M shares, while the analyst consensus is a "Reduce" rating with an average target of ≈$13.43.
Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) Director Michael Jr. Thompson bought 1,100 shares of the company's stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $13.24 per share, with a total value of $14,564.00. Following the completion of the transaction, the director directly owned 550 shares of the company's stock, valued at approximately $7,282. The trade was a -200.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Joby Aviation Price Performance
Joby Aviation stock opened at $14.37 on Friday. The business has a 50 day moving average of $14.64 and a 200-day moving average of $14.76. The company has a market capitalization of $13.10 billion, a P/E ratio of -10.72 and a beta of 2.56. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95.
Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The company had revenue of $22.57 million for the quarter, compared to analyst estimates of $0.02 million. During the same quarter in the previous year, the company posted ($0.21) EPS. Joby Aviation's revenue for the quarter was up 7962.1% compared to the same quarter last year. Equities analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.
Institutional Investors Weigh In On Joby Aviation
A number of hedge funds have recently added to or reduced their stakes in JOBY. Toyota Motor Corp boosted its holdings in shares of Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company's stock worth $1,355,194,000 after buying an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Joby Aviation by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company's stock valued at $806,166,000 after acquiring an additional 5,828,189 shares during the period. Geode Capital Management LLC boosted its stake in Joby Aviation by 5.4% during the second quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company's stock worth $117,230,000 after acquiring an additional 573,328 shares in the last quarter. State Street Corp grew its holdings in Joby Aviation by 3.0% in the second quarter. State Street Corp now owns 10,392,018 shares of the company's stock worth $109,636,000 after purchasing an additional 305,109 shares during the period. Finally, Rheos Capital Works Inc. grew its holdings in Joby Aviation by 58.2% in the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company's stock worth $76,013,000 after purchasing an additional 2,650,000 shares during the period. 52.85% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on JOBY. The Goldman Sachs Group began coverage on Joby Aviation in a research report on Monday, December 1st. They set a "sell" rating and a $10.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $22.00 price objective on shares of Joby Aviation in a research report on Thursday, November 6th. HC Wainwright reaffirmed a "neutral" rating on shares of Joby Aviation in a research note on Monday, November 24th. JPMorgan Chase & Co. increased their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Friday, October 31st. Finally, Morgan Stanley boosted their price target on shares of Joby Aviation from $7.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Joby Aviation presently has an average rating of "Reduce" and a consensus target price of $13.43.
View Our Latest Analysis on Joby Aviation
Joby Aviation Company Profile
(
Get Free Report)
Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.
The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.
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