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

Key Points

• Wall Street Zen downgraded Joby Aviation to “strong sell”, adding to a mixed analyst outlook. MarketBeat reports an average rating of “Reduce” and an average price target of $13.81.
• Joby’s latest quarter showed revenue of $38.64 million, ahead of estimates, but its $0.25-per-share loss was slightly worse than expected. The company remains deeply unprofitable, with a reported net loss of $245 million.
• Shares opened at $8.62 and have declined from a 52-week high of $19.98. Insiders sold more than 1 million shares worth approximately $11.4 million during the latest quarter, while institutional ownership stands at 52.85%.

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

JOBY has been the topic of several other reports. Weiss Ratings upgraded shares of Joby Aviation from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Morgan Stanley dropped their target price on shares of Joby Aviation from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 6th. Susquehanna set a $18.00 price target on shares of Joby Aviation in a research note on Thursday. Canaccord Genuity Group decreased their price target on shares of Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a report on Thursday, May 7th. Finally, Needham & Company LLC lowered their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $13.81.

Joby Aviation Price Performance

Joby Aviation stock opened at $8.62 on Friday. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -8.71 and a beta of 2.73. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $9.59. Joby Aviation has a 52 week low of $6.63 and a 52 week high of $19.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The business had revenue of $38.64 million during the quarter, compared to analysts' expectations of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 58.65%. The business's revenue was up 257493.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.41) EPS. On average, research analysts forecast that Joby Aviation will post -0.89 earnings per share for the current fiscal year.

Insider Transactions at Joby Aviation

In other news, CEO Joeben Bevirt sold 15,788 shares of the company's stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $8.92, for a total value of $140,828.96. Following the completion of the sale, the chief executive officer owned 239,671 shares of the company's stock, valued at approximately $2,137,865.32. This represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Allison sold 27,932 shares of the company's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $7.53, for a total transaction of $210,327.96. Following the completion of the sale, the insider directly owned 710,396 shares of the company's stock, valued at $5,349,281.88. This trade represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 1,050,736 shares of company stock worth $11,423,677. Corporate insiders own 20.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JOBY. Royal Bank of Canada increased its holdings in shares of Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company's stock worth $512,000 after buying an additional 44,659 shares during the period. AQR Capital Management LLC purchased a new stake in Joby Aviation during the 1st quarter valued at about $273,000. Strs Ohio bought a new position in Joby Aviation during the 1st quarter worth approximately $37,000. Cetera Investment Advisers grew its position in Joby Aviation by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 64,069 shares of the company's stock worth $676,000 after acquiring an additional 8,840 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Joby Aviation by 80.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 750,733 shares of the company's stock worth $7,920,000 after purchasing an additional 333,995 shares during the period. 52.85% of the stock is owned by institutional investors.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million analyst consensus, while raising its 2026 revenue outlook to $115 million-$125 million from expectations of approximately $111.3 million. JOBY Shares Gain Since Second-Quarter 2026 Revenues Beat
• Positive Sentiment: The Blade helicopter business generated $36.2 million in quarterly revenue, providing Joby with an operating business and evidence of passenger demand while its electric aircraft program advances. Joby Reports Stronger Quarter
• Positive Sentiment: Joby said its aircraft program has reached the fifth and final stage of FAA certification, is ramping production ahead of an eVTOL pilot program, and is moving closer to commercial flights in Texas. These milestones improve the prospect of future aircraft deliveries and service revenue. Joby Ramps Up Aircraft Production
• Positive Sentiment: Partnerships with Atoms to develop a nationwide vertiport network and a new 45,000-square-foot Texas facility strengthen the infrastructure supporting Joby’s planned air-taxi launch. Atoms and Joby Partner on Vertiports
• Neutral Sentiment: Analysts remain generally constructive, but Needham reduced its price target to $15 while retaining a Buy rating, reflecting upside potential alongside execution and timing risks. Needham Lowers Joby Price Target
• Negative Sentiment: Joby’s adjusted loss of $0.25 per share was slightly worse than the $0.23 estimate, and the company reported a $245 million net loss. Investors continue to watch certification, production execution and the timing of commercial service before assigning greater value to the long-term opportunity. Joby Stock Falls Despite a Sales Beat

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.

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