FY2025 EPS Estimates for Joby Aviation Lifted by Analyst

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Analysts at Cantor Fitzgerald upped their FY2025 EPS estimates for shares of Joby Aviation in a report released on Thursday, May 8th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($0.72) per share for the year, up from their previous estimate of ($0.85). Cantor Fitzgerald currently has a "Overweight" rating and a $9.00 target price on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.69) per share.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Morgan Stanley restated an "equal weight" rating and set a $7.00 target price (down previously from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Canaccord Genuity Group increased their target price on Joby Aviation from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, HC Wainwright reissued a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.67.

Joby Aviation Stock Performance

NYSE JOBY traded up $0.18 during trading on Monday, hitting $7.19. The stock had a trading volume of 19,948,436 shares, compared to its average volume of 11,800,482. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of -10.27 and a beta of 2.34. The stock has a 50 day simple moving average of $6.21 and a 200 day simple moving average of $7.07. Joby Aviation has a one year low of $4.66 and a one year high of $10.72.

Institutional Trading of Joby Aviation

Large investors have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in shares of Joby Aviation during the fourth quarter worth $38,000. Allworth Financial LP raised its stake in Joby Aviation by 200.6% in the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company's stock worth $44,000 after acquiring an additional 3,320 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Joby Aviation during the 4th quarter worth about $41,000. Toronto Dominion Bank purchased a new stake in Joby Aviation during the 4th quarter valued at about $41,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Joby Aviation in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Insider Buying and Selling

In other news, CEO Joeben Bevirt sold 10,785 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $80,132.55. Following the sale, the chief executive officer now owns 793,036 shares in the company, valued at approximately $5,892,257.48. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kate Dehoff sold 6,903 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $7.43, for a total transaction of $51,289.29. Following the transaction, the insider now owns 202,276 shares in the company, valued at approximately $1,502,910.68. This trade represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,802 shares of company stock worth $4,114,387 in the last 90 days. 28.50% of the stock is owned by corporate insiders.

About Joby Aviation

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.