Joby Aviation FY2026 EPS Estimate Reduced by HC Wainwright

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Stock analysts at HC Wainwright lowered their FY2026 earnings per share (EPS) estimates for Joby Aviation in a research note issued to investors on Monday, June 9th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of ($0.72) per share for the year, down from their prior estimate of ($0.71). HC Wainwright currently has a "Buy" rating and a $13.00 price target on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Joby Aviation's FY2027 earnings at ($0.72) EPS and FY2029 earnings at ($0.44) EPS.

JOBY has been the topic of a number of other reports. Cantor Fitzgerald downgraded Joby Aviation from an "overweight" rating to a "neutral" rating and set a $9.00 price objective on the stock. in a research report on Thursday. Canaccord Genuity Group reaffirmed a "buy" rating and set a $12.00 target price on shares of Joby Aviation in a research note on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price 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. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $7.00 target price (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Joby Aviation has an average rating of "Hold" and a consensus target price of $9.33.

Joby Aviation Stock Performance

JOBY stock traded down $0.80 during midday trading on Thursday, reaching $8.83. 40,763,523 shares of the company traded hands, compared to its average volume of 13,795,138. Joby Aviation has a 52-week low of $4.66 and a 52-week high of $10.72. The business has a 50 day moving average of $6.84 and a 200-day moving average of $7.37. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -12.61 and a beta of 2.39.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates 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 prior year, the company earned ($0.14) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Toyota Motor Corp acquired a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $640,259,000. Baillie Gifford & Co. grew its position in shares of Joby Aviation by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company's stock valued at $447,412,000 after purchasing an additional 2,281,161 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company's stock valued at $380,163,000 after purchasing an additional 6,388,232 shares during the last quarter. Uber Technologies Inc acquired a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $207,842,000. Finally, Geode Capital Management LLC grew its position in shares of Joby Aviation by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company's stock valued at $83,015,000 after purchasing an additional 817,638 shares during the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Joby Aviation

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