Joby Aviation (NYSE:JOBY) Shares Up 3.8% - Here's What Happened

Key Points

• Shares rose 3.8% to about $9.14 after Joby reported a February-quarter beat—EPS (-$0.14) topped estimates and revenue was $30.84M, up roughly 5,506% year‑over‑year.
• Analyst sentiment is mixed with a consensus "Reduce" rating and an average price target of $13.81, leaving potential upside capped despite positive headlines and technical talk of a breakout.
• Insider selling has been material—CEO Joeben Bevirt sold 507,182 shares and insiders sold about 1.31M shares (~$13.2M) over the last three months, though some sales were via pre‑arranged 10b5‑1 plans.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) traded up 3.8% during trading on Wednesday . The company traded as high as $9.25 and last traded at $9.1350. 26,790,778 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 26,520,781 shares. The stock had previously closed at $8.80.

Joby Aviation News Summary

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

• Positive Sentiment: February quarter showed a meaningful beat: Joby reported narrower-than-expected losses and revenue well above estimates (revenue up >5,500% y/y), which supports the case for improving fundamentals and future monetization. Read More.
• Positive Sentiment: Positive media/analyst framing is lifting sentiment — a Seeking Alpha bullish piece highlights stronger capital and a widening moat, and The Motley Fool included Joby among long‑term “monster” growth candidates, which can attract growth-focused buyers. Read More. Read More.
• Positive Sentiment: Technical/retail commentary suggests Joby may be approaching breakout territory, which can drive momentum trading and short‑term buying interest. Read More.
• Neutral Sentiment: Insider sales disclosed (Eric Allison, Kate Dehoff) in mid‑April are sizable in dollar terms but were largely executed under pre‑arranged Rule 10b5‑1 plans or to cover tax withholding from vested awards — a contextual nuance that mutes, but does not eliminate, supply pressure concerns. Read More. Read More.
• Negative Sentiment: At least one recent analyst/SA write‑up argues Joby remains speculative despite certification progress, keeping valuation skepticism alive; the street consensus remains mixed with a “Reduce” tilt and a below‑current average price target, which can cap upside for risk‑averse investors. Read More.

Analyst Ratings Changes

Several equities analysts have issued reports on JOBY shares. Needham & Company LLC decreased their price objective on shares of Joby Aviation to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Canaccord Genuity Group reissued a "hold" rating and issued a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. HC Wainwright reissued a "buy" rating and issued a $18.00 target price on shares of Joby Aviation in a research report on Thursday, March 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. cut their price target on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating on the stock in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $13.81.

Joby Aviation Trading Up 3.8%

The stock has a market cap of $8.33 billion, a price-to-earnings ratio of -8.01 and a beta of 2.68. The stock's 50 day moving average is $9.45 and its two-hundred day moving average is $13.05.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million during the quarter, compared to analyst estimates of $16.88 million. During the same quarter in the prior year, the firm posted ($0.34) earnings per share. The company's revenue for the quarter was up 5506.5% compared to the same quarter last year. On average, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Transactions at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 507,182 shares of Joby Aviation 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 transaction, the chief executive officer directly owned 31,997,802 shares in the company, valued at approximately $339,816,657.24. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Didier Papadopoulos sold 12,965 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total value of $105,664.75. Following the completion of the transaction, the insider directly owned 147,678 shares in the company, valued at approximately $1,203,575.70. The trade was a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,313,239 shares of company stock worth $13,224,279 over the last three months. 32.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently modified their holdings of JOBY. Creek Drive Management Group LLC acquired a new position in Joby Aviation in the 4th quarter valued at $2,072,000. Rockefeller Capital Management L.P. lifted its stake in shares of Joby Aviation by 20.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 84,308 shares of the company's stock worth $1,113,000 after acquiring an additional 14,469 shares during the period. World Investment Advisors acquired a new stake in shares of Joby Aviation in the 4th quarter worth $576,000. Corient Private Wealth LLC boosted its holdings in shares of Joby Aviation by 34.8% in the fourth quarter. Corient Private Wealth LLC now owns 38,953 shares of the company's stock valued at $514,000 after acquiring an additional 10,059 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Joby Aviation in the fourth quarter valued at about $28,000. 52.85% of the stock is owned by institutional investors and hedge funds.

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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