Joby Aviation (NYSE:JOBY) Downgraded by Wall Street Zen to Strong Sell

Key Points

• Wall Street Zen downgraded Joby Aviation (NYSE:JOBY) from a "sell" to a "strong sell" in a research note issued Saturday.
• Analyst coverage is mixed—2 Buys, 4 Holds and 3 Sells—with an average rating of Reduce and an average price target of $13.81.
• Operationally Joby beat Q results (EPS -$0.14 vs. -$0.20 expected; revenue $30.84M vs. $16.88M expected, up 5506% YoY) and completed a high‑profile NYC eVTOL demo, but insiders have been selling shares (CEO sold 507,182), producing mixed signals for investors.

Joby Aviation (NYSE:JOBY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday.

JOBY has been the subject of a number of other reports. HC Wainwright reissued a "buy" rating and set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, March 12th. Oppenheimer set a $18.00 target price on Joby Aviation in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a research note on Thursday, February 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a research note on Tuesday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 target price on shares of Joby Aviation in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $13.81.

Joby Aviation Stock Up 0.9%

JOBY opened at $9.28 on Friday. The business has a 50 day moving average price of $9.18 and a two-hundred day moving average price of $12.41. The company has a market cap of $9.08 billion, a PE ratio of -8.14 and a beta of 2.61. Joby Aviation has a 52 week low of $6.18 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analysts' expectations of $16.88 million. The business's quarterly revenue was up 5506.5% on a year-over-year basis. During the same period last year, the company posted ($0.34) earnings per share. As a group, sell-side analysts expect that Joby Aviation will post -0.82 EPS for the current fiscal year.

Insider Activity at Joby Aviation

In related news, CEO Joeben Bevirt sold 507,182 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the completion of the transaction, the chief executive officer directly owned 31,997,802 shares of the company's stock, valued at $339,816,657.24. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kate Dehoff sold 16,235 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $9.91, for a total value of $160,888.85. Following the completion of the transaction, the insider directly owned 149,369 shares of the company's stock, valued at $1,480,246.79. The trade was a 9.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,774,220 shares of company stock valued at $17,386,938 in the last ninety days. Corporate insiders own 28.50% of the company's stock.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Vanguard Group Inc. increased its stake in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company's stock valued at $806,166,000 after purchasing an additional 5,828,189 shares in the last quarter. Man Group plc purchased a new position in Joby Aviation in the 3rd quarter valued at approximately $40,283,000. Norges Bank purchased a new position in Joby Aviation in the 4th quarter valued at approximately $32,269,000. Clear Street Group Inc. purchased a new position in Joby Aviation in the 3rd quarter valued at approximately $36,264,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Joby Aviation by 80.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company's stock valued at $44,672,000 after purchasing an additional 1,512,094 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Key Joby Aviation News

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

• Positive Sentiment: Successful live demonstration flight at NYC’s East 34th Street Heliport showcased Joby’s all‑electric eVTOL operating safely within existing urban infrastructure — a concrete step toward commercial service and municipal/FAA acceptance. Article Title
• Positive Sentiment: Media and local officials attended Joby’s NYC demonstration, increasing public and regulatory visibility for Joby’s integration pilot program — this kind of endorsement can accelerate route approvals and vertiport partnerships. Article Title
• Positive Sentiment: Analyst/upside coverage highlights a large potential rerating as Joby shifts from certification to commercialization, citing Dubai readiness, a stronger balance sheet, and FAA progress as drivers for upside. That narrative supports bullish investor positioning. Article Title
• Neutral Sentiment: Industry coverage frames 2026 as make‑or‑break for Joby and lists specific signals to watch (certification milestones, early commercial metrics, next earnings) — useful watchlist items but not immediate catalysts. Article Title
• Neutral Sentiment: Sector spillover: Joby’s NYC flights have drawn attention to peers (e.g., Archer), highlighting regulatory progress for the whole eVTOL space — this can lift the sector but also reallocate investor interest among competitors. Article Title
• Negative Sentiment: High-profile skepticism persists — commentators like Jim Cramer publicly call Joby “way too risky,” which can pressure sentiment and deter risk‑averse investors despite positive operational news. Article Title

Joby Aviation Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.