Joby Aviation (NYSE:JOBY) Insider Sells 27,593 Shares of Company Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 27,593 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total value of $140,448.37. Following the completion of the sale, the insider directly owned 745,120 shares of the company’s stock, valued at approximately $3,792,660.80. The trade was a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Eric Allison also recently made the following trade(s):

• On Friday, October 2nd, Eric Allison sold 9,331 shares of Joby Aviation stock. The stock was sold at an average price of $5.95, for a total value of $55,519.45.

Joby Aviation Trading Down 6.8%

Shares of Joby Aviation stock traded down $0.34 during midday trading on Wednesday, reaching $4.62. The company had a trading volume of 26,456,600 shares, compared to its average volume of 31,083,809. The stock has a fifty day moving average price of $6.76 and a 200 day moving average price of $8.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The firm has a market cap of $4.56 billion, a PE ratio of -4.66 and a beta of 2.66. Joby Aviation, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $18.77.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The firm had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. During the same period in the prior year, the company posted ($0.41) EPS. The business’s revenue for the quarter was up 257493.3% compared to the same quarter last year. On average, equities analysts anticipate that Joby Aviation, Inc. will post -1.00 earnings per share for the current year.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby has begun flights in Texas, exceeded revenue expectations in its latest reported quarter and has a manufacturing relationship with Toyota. A favorable regulatory decision could materially improve the company’s commercial prospects and valuation. Joby Could Be Worth Far More If One Piece of the Puzzle Falls Into Place
• Positive Sentiment: Some analysts still see substantial upside, with the reported average price target around $12.72—well above the stock’s recent trading range—reflecting optimism about eventual air-taxi commercialization and defense applications. Joby Aviation Stock Has Average Target Price of $12.72 According to Analysts
• Neutral Sentiment: Coverage is split. Investors are balancing Joby’s growth potential and strategic partnerships against its substantial cash needs, operating losses and uncertainty over the timing and scale of commercial service. Joby Aviation Stock: Is It a No-Brainer Buy at $5?
• Negative Sentiment: Barclays analyst Anthony Valentini reduced his price target from $6 to $4 and downgraded JOBY to Underweight after an October legal verdict. The revision highlights concerns about valuation and whether Joby’s factory can expand production quickly enough to support its ambitions. Joby Aviation Stock Gets Fair Value Trim As Analyst Views Split After Verdict
• Negative Sentiment: Joby is seeking to overturn a $117 million trade-secrets verdict, creating a potentially significant financial and reputational overhang. Joby Seeks to Overturn $117 Million Trade Secrets Verdict
• Negative Sentiment: Broader investor concerns include competition, future financing requirements and heavy spending to develop and manufacture electric air taxis. Those risks have contributed to JOBY’s steep annual decline and recent 52-week lows. Why Did ASTS, CIFR, JOBY Stocks Plunge To 52-Week Lows Today?

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accel Wealth Management acquired a new stake in Joby Aviation in the third quarter valued at approximately $64,000. Green Alpha Advisors LLC increased its holdings in shares of Joby Aviation by 60.3% during the third quarter. Green Alpha Advisors LLC now owns 66,654 shares of the company’s stock valued at $403,000 after acquiring an additional 25,086 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Joby Aviation by 60.7% during the third quarter. Farther Finance Advisors LLC now owns 36,572 shares of the company’s stock valued at $221,000 after acquiring an additional 13,816 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Joby Aviation by 116.4% during the second quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock worth $302,000 after purchasing an additional 18,219 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Joby Aviation by 22.5% during the second quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock worth $3,439,000 after purchasing an additional 70,772 shares during the period. 52.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on JOBY. Needham & Company LLC decreased their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Barclays began coverage on shares of Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Monday, September 21st. Susquehanna set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Joby Aviation has an average rating of “Reduce” and a consensus price target of $12.72.

Joby Aviation Company Profile

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.