Shay Capital LLC Takes $373,000 Position in Joby Aviation, Inc. (NYSE:JOBY)

Shay Capital LLC purchased a new stake in Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,838 shares of the company's stock, valued at approximately $373,000.

Several other large investors also recently made changes to their positions in the company. Bouvel Investment Partners LLC increased its stake in shares of Joby Aviation by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock valued at $1,007,000 after acquiring an additional 1,715 shares during the period. Yarbrough Capital LLC acquired a new position in shares of Joby Aviation during the fourth quarter valued at approximately $1,362,000. Monterey Private Wealth Inc. acquired a new position in shares of Joby Aviation during the fourth quarter valued at approximately $102,000. SG Americas Securities LLC increased its stake in shares of Joby Aviation by 24.3% during the fourth quarter. SG Americas Securities LLC now owns 194,459 shares of the company's stock valued at $1,581,000 after acquiring an additional 37,956 shares during the period. Finally, GoalVest Advisory LLC acquired a new position in shares of Joby Aviation during the fourth quarter valued at approximately $146,000. Institutional investors and hedge funds own 52.85% of the company's stock.

Insider Buying and Selling

In related news, Director Paul Cahill Sciarra sold 166,667 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $6.78, for a total value of $1,130,002.26. Following the completion of the transaction, the director now owns 58,494,728 shares of the company's stock, valued at approximately $396,594,255.84. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bonny W. Simi sold 9,695 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the completion of the transaction, the insider now directly owns 146,941 shares of the company's stock, valued at $996,259.98. This represents a 6.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 753,766 shares of company stock valued at $4,659,968. Company insiders own 28.50% of the company's stock.

Joby Aviation Stock Down 4.9%

Joby Aviation stock traded down $0.36 during mid-day trading on Monday, hitting $7.03. The company's stock had a trading volume of 11,039,496 shares, compared to its average volume of 11,969,019. The stock has a market capitalization of $5.54 billion, a P/E ratio of -10.04 and a beta of 2.34. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $10.72. The stock's fifty day moving average price is $6.28 and its two-hundred day moving average price is $7.14.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same period last year, the business earned ($0.14) EPS. Equities analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on JOBY shares. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $11.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley reiterated an "equal weight" rating and set a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.67.

About Joby Aviation

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.