Joby Aviation (NYSE:JOBY) Shares Gap Up After Strong Earnings

Shares of Joby Aviation, Inc. (NYSE:JOBY) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $5.05, but opened at $5.77. Joby Aviation shares last traded at $5.2150, with a volume of 11,032,527 shares trading hands.

The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $55.09 million during the quarter, compared to analyst estimates of $38.95 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The business’s revenue for the quarter was up 143.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.48) EPS.

Key Joby Aviation News

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

• Positive Sentiment: Joby reported Q3 revenue of $55.1 million, up 143.8% year over year and well above estimates of about $39 million. Its loss of $0.22 per share was also narrower than expected. The company outlined a 2026 revenue plan of $135 million to $140 million, helping reinforce the growth outlook. Joby Stock Climbs After Q3 Beat and Higher Revenue Outlook
• Positive Sentiment: The company said it has reached the FAA’s final stage of type certification and completed multiple “for credit” tests. It is targeting type inspection authorization in the first half of 2027; manufacturing output reportedly rose 37%. Progress is encouraging, although certification is not yet complete. Joby advances final stages of FAA certification
• Positive Sentiment: The U.S. Air Force’s commitment to Joby’s autonomous-flight work increased to nearly $37 million, with the contract ceiling raised to $50 million. The company also announced first piloted air-taxi flights in Florida, adding operational and defense opportunities beyond its commercial air-taxi plans. Joby expands U.S. Air Force autonomous-flight contracts
• Neutral Sentiment: Analyst actions were mixed: Canaccord upgraded JOBY to Buy but lowered its target to $7 from $11.50; Needham kept a Buy rating while cutting its target to $10 from $15. Both retained positive ratings, but the lower targets temper the signal.
• Neutral Sentiment: A director sold 62,500 shares under a pre-arranged trading plan, a small reduction compared with his remaining ownership of about 55.6 million shares.
• Negative Sentiment: Despite beating estimates, Joby recorded a quarterly net loss of $212 million. The company remains loss-making, and certification, commercialization and the associated cash requirements remain significant hurdles. Joby’s results and its remaining hurdles

Analyst Ratings Changes

JOBY has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Monday, October 12th. Barclays assumed coverage on Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 price target on the stock. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Morgan Stanley cut their price objective on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Finally, Needham & Company LLC decreased their price objective on shares of Joby Aviation from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and a consensus price target of $11.33.

Insider Buying and Selling at Joby Aviation

In other news, CEO JoeBen Bevirt sold 15,789 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $93,944.55. Following the transaction, the chief executive officer owned 254,519 shares in the company, valued at approximately $1,514,388.05. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Allison sold 27,593 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total transaction of $140,448.37. Following the completion of the transaction, the insider owned 745,120 shares in the company, valued at $3,792,660.80. The trade was a 3.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,017,628 shares of company stock valued at $6,340,090. 20.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently made changes to their positions in JOBY. Ancora Advisors LLC purchased a new stake in Joby Aviation in the second quarter worth $27,000. Leonteq Securities AG increased its position in Joby Aviation by 295.2% during the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company’s stock valued at $36,000 after purchasing an additional 3,250 shares during the period. Western Wealth Management LLC bought a new position in Joby Aviation in the 1st quarter worth $37,000. Geneos Wealth Management Inc. raised its holdings in Joby Aviation by 95.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock worth $44,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Joby Aviation by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 8,597 shares of the company’s stock worth $52,000 after purchasing an additional 2,562 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Stock Performance

The company’s 50-day moving average price is $5.79 and its 200 day moving average price is $8.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The stock has a market capitalization of $5.03 billion, a PE ratio of -5.14 and a beta of 2.84.

About Joby Aviation

Joby Aviation, Inc is an aerospace 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 operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.