Joby Aviation (NYSE:JOBY) Shares Gap Up on Earnings Beat

Joby Aviation, Inc. (NYSE:JOBY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $9.82, but opened at $10.61. Joby Aviation shares last traded at $10.6670, with a volume of 12,364,536 shares changing hands.

The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. During the same quarter last year, the company posted ($0.34) EPS. Joby Aviation’s revenue for the quarter was up 5506.5% on a year-over-year basis.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Company says FAA certification work is advancing and it still targets first passenger flights in 2026 — a concrete milestone that reduces regulatory timing risk if achieved. Joby targets first passenger flights in 2026 as certification progress advances
• Positive Sentiment: Q4 results topped estimates: revenue surged to about $31M and the company reported a smaller-than-expected loss; management highlighted strong liquidity and capital availability that underpin near‑term operations. Joby posts 2025 results with strong liquidity despite increased capital outflows
• Positive Sentiment: Commercial demand signals: Joby’s Uber booking launch and partnership publicity are driving near‑term commercial credibility and drove buying interest in the shares. Joby Aviation stock jumps on Uber air taxi booking launch
• Positive Sentiment: Operational scale-up: local reports show Joby expanding Dayton-area manufacturing and cutting quarterly losses — incremental production progress can help narrow execution risk. Aiming for ‘round-the-clock’ Dayton-area manufacturing, Joby slashes losses
• Neutral Sentiment: Notable investor activity: one report flags a prominent investor increasing exposure to flying‑taxi names; such flows can support sentiment but are not a substitute for execution. ACHR or JOBY: Legendary Investor Dmitry Balyasny Loads Up on One Top Flying-Taxi Stock
• Neutral Sentiment: Sector headlines (legal disputes among rivals) may drive “sympathy” moves across eVTOL stocks — watch competitor news for cross‑stock impact. Archer’s Lawsuit Tests Vertical Aerospace’s Cash Runway, Not Just Its Design
• Negative Sentiment: Insider selling: filings show recent sales by an insider (Gregory Bowles), which can weigh on sentiment even if sizes are modest. Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 3,551 Shares of Stock
• Negative Sentiment: Cash burn and execution risk remain material — coverage highlights a high annual burn (reports cite ~ $500M/year) and production hurdles; if guidance or runway details disappoint, downside could be sharp given the stock’s valuation. Joby Aviation Burns $500 Million A Year and Tonight One Number Decides Its Fate

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JOBY. Needham & Company LLC cut their target price on Joby Aviation to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group reissued a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. 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 report on Friday, October 31st. Finally, Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and an average target price of $13.94.

Insiders Place Their Bets

In related news, CEO Joeben Bevirt sold 63,636 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $9.91, for a total transaction of $630,632.76. Following the completion of the transaction, the chief executive officer owned 246,006 shares of the company’s stock, valued at $2,437,919.46. This trade represents a 20.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Allison sold 9,815 shares of Joby Aviation stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $9.88, for a total value of $96,972.20. Following the transaction, the insider directly owned 713,268 shares in the company, valued at approximately $7,047,087.84. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,470,074 shares of company stock valued at $16,083,913. 28.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its stake in Joby Aviation by 16.1% during the fourth quarter. Sunbelt Securities Inc. now owns 13,725 shares of the company’s stock valued at $181,000 after purchasing an additional 1,900 shares during the last quarter. Invesco Ltd. grew its position in Joby Aviation by 33.3% in the fourth quarter. Invesco Ltd. now owns 1,205,957 shares of the company’s stock worth $15,919,000 after buying an additional 301,335 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Joby Aviation by 58.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock valued at $256,000 after buying an additional 7,188 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Joby Aviation by 244.0% in the fourth quarter. Corient Private Wealth LLC now owns 99,396 shares of the company’s stock valued at $1,312,000 after buying an additional 70,502 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Joby Aviation during the 4th quarter valued at $72,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Trading Up 4.5%

The company has a market cap of $9.35 billion, a price-to-earnings ratio of -7.64 and a beta of 2.57. The business has a 50-day moving average price of $12.75 and a 200 day moving average price of $14.43.

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.