Cantor Fitzgerald Comments on Joby Aviation FY2026 Earnings

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Joby Aviation in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard expects that the company will earn ($0.84) per share for the year. Cantor Fitzgerald currently has a "Neutral" 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 also recently issued research reports about the stock. 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. JPMorgan Chase & Co. decreased their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Thursday, February 27th. HC Wainwright reaffirmed a "buy" rating and issued a $13.00 price objective (up from $9.00) on shares of Joby Aviation in a research note on Monday. Morgan Stanley reiterated an "equal weight" rating and set a $7.00 target price (down from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $12.00 price target on shares of Joby Aviation in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.33.

Joby Aviation Trading Down 8.3%

Shares of NYSE:JOBY traded down $0.80 on Wednesday, reaching $8.83. 40,763,523 shares of the company were exchanged, compared to its average volume of 13,795,141. The company has a 50-day moving average of $6.90 and a 200-day moving average of $7.37. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of -12.61 and a beta of 2.39. Joby Aviation has a 1-year low of $4.66 and a 1-year high of $10.72.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period in the previous year, the business earned ($0.14) earnings per share.

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 250,000 shares of Joby Aviation stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $5.89, for a total value of $1,472,500.00. Following the completion of the sale, the chief executive officer now owns 32,275,793 shares of the company's stock, valued at $190,104,420.77. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Motor Corp/ Toyota bought 49,701,790 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $5.03 per share, with a total value of $250,000,003.70. Following the completion of the purchase, the director now directly owns 122,573,621 shares of the company's stock, valued at approximately $616,545,313.63. The trade was a 68.20% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 750,950 shares of company stock valued at $4,640,619. Corporate insiders own 28.50% of the company's stock.

Institutional Trading of Joby Aviation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Joby Aviation by 773.9% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company's stock worth $34,000 after acquiring an additional 5,015 shares during the last quarter. Strs Ohio purchased a new position in shares of Joby Aviation in the 1st quarter valued at $37,000. Whittier Trust Co. acquired a new position in shares of Joby Aviation during the fourth quarter worth about $38,000. Compagnie Lombard Odier SCmA acquired a new position in Joby Aviation during the 4th quarter worth approximately $41,000. Finally, Toronto Dominion Bank acquired a new stake in Joby Aviation during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

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.