IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in Joby Aviation, Inc. $JOBY

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 62.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,334 shares of the company’s stock after acquiring an additional 153,429 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Joby Aviation were worth $6,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JOBY. Asset Planning Inc boosted its holdings 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 period. Canton Hathaway LLC purchased a new stake in shares of Joby Aviation in the third quarter worth $29,000. Hilltop National Bank bought a new stake in Joby Aviation during the third quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares during the period. Finally, Mather Group LLC. purchased a new position in Joby Aviation during the third quarter worth about $41,000. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Price Performance

NYSE:JOBY opened at $9.45 on Friday. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of -7.05 and a beta of 2.57. The business has a 50 day moving average of $14.04 and a 200 day moving average of $15.19. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95.

Joby Aviation (NYSE:JOBY) last posted its quarterly 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 business had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $0.02 million. The business’s quarterly revenue was up 7962.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. As a group, sell-side analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on JOBY. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. JPMorgan Chase & Co. upped their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Canaccord Genuity Group reiterated a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research report on Tuesday. 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 note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.21.

Insider Activity at Joby Aviation

In related news, insider Eric Allison sold 32,448 shares of Joby Aviation stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.25, for a total value of $429,936.00. Following the transaction, the insider owned 659,980 shares in the company, valued at $8,744,735. This trade represents a 4.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joeben Bevirt sold 23,552 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $13.51, for a total transaction of $318,187.52. Following the completion of the sale, the chief executive officer directly owned 288,814 shares of the company’s stock, valued at $3,901,877.14. This represents a 7.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,750 shares of company stock worth $4,138,695 in the last 90 days. Corporate insiders own 28.50% of the company’s stock.

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.