Shares of Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) rose 1% during trading on Thursday . The stock traded as high as $15.93 and last traded at $15.2730. Approximately 22,886,022 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 28,041,035 shares. The stock had previously closed at $15.12.
Joby Aviation News Summary
Here are the key news stories impacting Joby Aviation this week:
- Positive Sentiment: Joby announced an expansion of its manufacturing footprint with a new Ohio facility to boost production scale and shorten time‑to‑delivery — a step that supports commercialization and future revenue/margin improvement. Manufacturing expansion
- Positive Sentiment: Joby struck a partnership with Metropolis to develop ~25 vertiports across the U.S., reducing market‑access risk and strengthening the pathway to launching its air‑taxi service and recurring local revenue. Vertiports partnership
- Neutral Sentiment: Recent quarterly results showed a large revenue increase but an EPS miss; analysts remain mixed (average rating around “Reduce” and an average target ≈ $13.43), leaving near‑term expectations varied. Earnings & analyst consensus
- Neutral Sentiment: Institutional ownership is material (~53%) with recent small adjustments by several funds — not an immediate catalyst but relevant context for liquidity and supply dynamics. Institutional holdings
- Negative Sentiment: Significant, coordinated insider selling: multiple executives (CEO Joeben Bevirt, CFO Rodrigo Brumana, and other senior leaders) disclosed sales totaling hundreds of thousands of dollars in mid‑January — a widely visible reduction in insider positions that investors often view as a near‑term negative signal. Representative SEC filing (CEO) and aggregated reporting. CEO Form 4 Insider summary
Wall Street Analyst Weigh In
Several equities research analysts have commented on JOBY shares. JPMorgan Chase & Co. upped their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Morgan Stanley upped their target price on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 9th. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Joby Aviation currently has an average rating of “Reduce” and a consensus target price of $13.43.
Joby Aviation Stock Up 1.0%
The business has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $15.17. The company has a market cap of $13.93 billion, a PE ratio of -11.40 and a beta of 2.56.
Joby Aviation (NYSE:JOBY – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. During the same period in the previous year, the business earned ($0.21) EPS. Joby Aviation’s quarterly revenue was up 7962.1% on a year-over-year basis. On average, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.
Insider Buying and Selling at Joby Aviation
In other news, insider Eric Allison sold 32,448 shares of Joby Aviation stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $13.25, for a total value of $429,936.00. Following the sale, the insider owned 659,980 shares in the company, valued at $8,744,735. This trade represents a 4.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bonny W. Simi sold 110,173 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $13.85, for a total transaction of $1,525,896.05. Following the transaction, the insider owned 125,114 shares of the company’s stock, valued at approximately $1,732,828.90. This trade represents a 46.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 289,556 shares of company stock valued at $4,052,822. Insiders own 28.50% of the company’s stock.
Institutional Trading of Joby Aviation
A number of institutional investors have recently made changes to their positions in the company. Asset Planning Inc raised its stake in Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after buying an additional 1,880 shares in the last quarter. Canton Hathaway LLC purchased a new stake in shares of Joby Aviation during the third quarter worth $29,000. Strategic Advocates LLC acquired a new stake in shares of Joby Aviation in the third quarter valued at about $29,000. Finally, Hilltop National Bank purchased a new position in shares of Joby Aviation in the third quarter worth about $32,000. 52.85% of the stock is owned by institutional investors and hedge funds.
About Joby Aviation
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.
Featured Articles
- Five stocks we like better than Joby Aviation
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
- The Crash Has Already Started (Most Just Don’t See It Yet)
Receive News & Ratings for Joby Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joby Aviation and related companies with MarketBeat.com's FREE daily email newsletter.
