Joby Aviation (NYSE:JOBY) Shares Down 5.1% After Analyst Downgrade

Key Points

• Shares fell 5.1% after Canaccord cut its price target from $15.50 to $11.50; mid‑day volume rose ~32% as the stock traded near $9.98.
• Analyst views are mixed with a MarketBeat consensus of "Reduce" and an average price target of $13.06 (2 Buys, 4 Holds, 3 Sells).
• Joby beat Q1 revenue and EPS estimates and reaffirmed a 2026 commercial timeline, but still reports heavy losses and cash burn; insiders sold roughly 1.77M shares (~$17.3M) last quarter while retaining 28.5% ownership.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s stock price traded down 5.1% during mid-day trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from $15.50 to $11.50. Canaccord Genuity Group currently has a hold rating on the stock. Joby Aviation traded as low as $9.67 and last traded at $9.9790. 36,342,218 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 27,441,680 shares. The stock had previously closed at $10.52.

A number of other research firms have also recently weighed in on JOBY. Wall Street Zen cut Joby Aviation from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 2nd. Weiss Ratings cut Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a report on Wednesday. Morgan Stanley lowered their price objective on shares of Joby Aviation from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, HC Wainwright reissued a "buy" rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation currently has a consensus rating of "Reduce" and an average price target of $13.06.

Insider Activity

In other Joby Aviation news, insider Gregory Bowles sold 4,720 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.76, for a total value of $41,347.20. Following the completion of the transaction, the insider directly owned 178,470 shares of the company's stock, valued at approximately $1,563,397.20. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 39,963 shares of Joby Aviation stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $9.03, for a total transaction of $360,865.89. Following the sale, the chief executive officer owned 224,823 shares of the company's stock, valued at approximately $2,030,151.69. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,026 shares of company stock valued at $17,301,065 in the last quarter. Insiders own 28.50% of the company's stock.

Key Joby Aviation News

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

• Positive Sentiment: Evidence of industrialization: Joby says it has nine FAA‑conforming aircraft in production, signaling a move from R&D to repeatable manufacturing and bringing certification/ commercial launch closer — a potential valuation catalyst. What's Happening With JOBY Stock?
• Positive Sentiment: Q1 beat and timeline reaffirmed: Joby beat revenue estimates and reiterated a 2026 commercial timeline, narrowing losses and providing clearer near‑term operating expectations that lifted investor enthusiasm. Joby Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst targets mixed — upside but cautious conviction: 24/7 Wall St. models a $12.43 target (~mid‑teens upside) and calls JOBY a buy with only moderate confidence, reflecting certification momentum offset by cash burn and macro sensitivity. Joby Price Prediction: How Much Higher Can The Stock Go This Year?
• Neutral Sentiment: Strategic ecosystem upside: Uber’s product push toward travel booking and air taxis expands Joby’s potential distribution partners and addressable market, but commercialization execution remains the critical bridge. Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking (JOBY)
• Negative Sentiment: Burn and losses remain material: Despite revenue beats, Joby continues to report sizable net losses and cash consumption; several articles highlight deeper spending and that the company is still pre‑commercial, keeping valuation highly forward‑dependent. Joby Keeps Losing Money—and the Stock Keeps Rising
• Negative Sentiment: Volatility and profit‑taking risk: The stock spiked on the earnings beat, which can prompt short‑term profit‑taking; JOBY’s high beta amplifies sensitivity to macro headlines and market rotations away from growth. Why Joby Aviation Stock Is Surging Wednesday: Q1 Earnings Beat Explained

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JOBY. Fifth Third Bancorp boosted its position in shares of Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock worth $26,000 after buying an additional 1,348 shares in the last quarter. Asset Planning Inc increased its holdings in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock worth $27,000 after acquiring an additional 1,880 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Joby Aviation during the fourth quarter worth about $28,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Joby Aviation in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Joby Aviation Stock Down 5.1%

The firm's fifty day simple moving average is $9.18 and its 200-day simple moving average is $12.20. The company has a market cap of $9.77 billion, a PE ratio of -8.68 and a beta of 2.61.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 73.14% and a negative net margin of 1,232.62%.The firm had revenue of $24.25 million during the quarter, compared to the consensus estimate of $20.17 million. During the same period in the previous year, the firm posted ($0.11) EPS. On average, analysts predict that Joby Aviation, Inc. will post -0.84 earnings per share for the current year.

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.

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