Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 13,790 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $9.82, for a total transaction of $135,417.80. Following the completion of the transaction, the insider owned 215,296 shares in the company, valued at approximately $2,114,206.72. The trade was a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kate Dehoff also recently made the following trade(s):
- On Tuesday, April 8th, Kate Dehoff sold 1,122 shares of Joby Aviation stock. The stock was sold at an average price of $5.79, for a total value of $6,496.38.
Joby Aviation Trading Up 3.4%
NYSE JOBY traded up $0.35 during mid-day trading on Thursday, hitting $10.51. The company's stock had a trading volume of 21,173,793 shares, compared to its average volume of 14,884,753. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of -12.49 and a beta of 2.47. The company's 50 day simple moving average is $7.81 and its 200 day simple moving average is $7.46. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $11.16.
Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 63.27%. During the same quarter in the previous year, the company earned ($0.14) earnings per share. As a group, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.
Hedge Funds Weigh In On Joby Aviation
Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Joby Aviation by 9.9% in the fourth quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock worth $175,000 after purchasing an additional 1,935 shares during the last quarter. Xponance Inc. grew its holdings in Joby Aviation by 6.5% during the first quarter. Xponance Inc. now owns 32,635 shares of the company's stock worth $196,000 after buying an additional 1,993 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its position in Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock valued at $543,000 after buying an additional 2,000 shares during the last quarter. California State Teachers Retirement System lifted its stake in Joby Aviation by 1.1% during the 4th quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Joby Aviation by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock worth $299,000 after acquiring an additional 2,261 shares during the last quarter. Institutional investors own 52.85% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Morgan Stanley restated an "equal weight" rating and set a $7.00 price target (down from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 target price on shares of Joby Aviation in a research note on Wednesday, June 4th. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Monday, June 23rd. Finally, HC Wainwright reiterated a "buy" rating and set a $13.00 price objective (up previously from $9.00) on shares of Joby Aviation in a report on Monday, June 9th. One equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.33.
Read Our Latest Stock Analysis on Joby Aviation
About Joby Aviation
(
Get Free Report)
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.
Recommended Stories
Before you consider Joby Aviation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Joby Aviation wasn't on the list.
While Joby Aviation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
