Key Points
- Insider sale: Joby director Bonny Simi sold 7,696 shares on April 2 at an average price of $8.15 for $62,722.40, trimming her position by 3.42% to 217,475 shares (about $1.77M).
- Quarterly results: Joby beat expectations with EPS of -$0.14 versus -$0.20 estimated and revenue of $30.84M (vs. $16.88M est.), a year-over-year revenue increase of 5,506.5%.
- Market and analyst view: The stock trades around $8.50 with a $7.75B market cap, a 12‑month range of $4.96–$20.95, and a consensus analyst rating of "Reduce" with a $13.81 price target amid mixed analyst opinions and 52.85% institutional ownership.
Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny Simi sold 7,696 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total value of $62,722.40. Following the transaction, the insider owned 217,475 shares of the company's stock, valued at approximately $1,772,421.25. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Joby Aviation Trading Down 0.0%
Shares of JOBY stock opened at $8.50 on Friday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The stock's 50-day moving average price is $9.92 and its 200-day moving average price is $13.43.
Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. Joby Aviation's quarterly revenue was up 5506.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.34) earnings per share. As a group, research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on JOBY shares. JPMorgan Chase & Co. cut their target price on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, February 26th. Needham & Company LLC dropped their price objective on shares of Joby Aviation to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Joby Aviation has a consensus rating of "Reduce" and a consensus price target of $13.81.
View Our Latest Stock Report on JOBY
Institutional Investors Weigh In On Joby Aviation
Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Joby Aviation by 110.5% in the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company's stock worth $512,000 after purchasing an additional 44,659 shares during the period. AQR Capital Management LLC purchased a new stake in Joby Aviation during the 1st quarter valued at $273,000. Strs Ohio purchased a new stake in Joby Aviation during the 1st quarter valued at $37,000. Cetera Investment Advisers raised its holdings in Joby Aviation by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 64,069 shares of the company's stock valued at $676,000 after buying an additional 8,840 shares during the period. Finally, Swiss National Bank lifted its position in Joby Aviation by 1.5% in the second quarter. Swiss National Bank now owns 376,300 shares of the company's stock worth $3,970,000 after buying an additional 5,700 shares during the last quarter. 52.85% of the stock is owned by institutional investors.
About Joby Aviation
(
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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