Fieldview Capital Management LLC Takes $881,000 Position in Joby Aviation, Inc. $JOBY

Fieldview Capital Management LLC purchased a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 54,587 shares of the company’s stock, valued at approximately $881,000.

Other large investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its position in Joby Aviation by 22.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock valued at $61,000 after purchasing an additional 697 shares during the period. Asset Planning Inc increased its position in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the period. Thrivent Financial for Lutherans increased its position in Joby Aviation by 4.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after purchasing an additional 736 shares during the period. Allworth Financial LP raised its stake in shares of Joby Aviation by 11.9% during the 2nd quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock worth $76,000 after buying an additional 763 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its stake in shares of Joby Aviation by 15.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 5,765 shares of the company’s stock worth $93,000 after buying an additional 765 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of analyst reports. Oppenheimer set a $18.00 price target on Joby Aviation in a research note on Thursday, February 26th. Needham & Company LLC cut their price objective on Joby Aviation to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group assumed coverage on Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Canaccord Genuity Group restated a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Two 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 stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.81.

Insider Buying and Selling at Joby Aviation

In related news, insider Kate Dehoff sold 8,539 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.88, for a total transaction of $84,365.32. Following the sale, the insider owned 159,877 shares of the company’s stock, valued at $1,579,584.76. This trade represents a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joeben Bevirt sold 63,636 shares of Joby Aviation stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $9.91, for a total value of $630,632.76. Following the sale, the chief executive officer owned 246,006 shares of the company’s stock, valued at approximately $2,437,919.46. This represents a 20.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,470,074 shares of company stock valued at $16,083,913. 32.40% of the stock is owned by company insiders.

Joby Aviation Price Performance

Shares of Joby Aviation stock opened at $10.05 on Tuesday. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95. The business has a 50 day moving average price of $12.08 and a 200 day moving average price of $14.06. The company has a market capitalization of $9.16 billion, a P/E ratio of -8.82 and a beta of 2.59.

Joby Aviation (NYSE:JOBY) last announced its 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 company had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. During the same quarter last year, the company posted ($0.34) EPS. Joby Aviation’s quarterly revenue was up 5506.5% compared to the same quarter last year. As a group, research analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Joby Aviation Profile

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.