Joby Aviation, Inc. (NYSE:JOBY) Insider Kate Dehoff Sells 6,205 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,205 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $8.10, for a total value of $50,260.50. Following the completion of the sale, the insider now directly owns 215,947 shares of the company’s stock, valued at $1,749,170.70. This represents a 2.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kate Dehoff also recently made the following trade(s):

• On Wednesday, October 16th, Kate Dehoff sold 27,898 shares of Joby Aviation stock. The shares were sold at an average price of $5.50, for a total value of $153,439.00.

Joby Aviation Trading Down 1.4 %

JOBY opened at $7.85 on Wednesday. The stock has a market capitalization of $6.01 billion, a P/E ratio of -11.21 and a beta of 2.33. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72. The firm’s fifty day simple moving average is $7.75 and its 200 day simple moving average is $6.26.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same period in the prior year, the business earned ($0.13) EPS. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JOBY. Needham & Company LLC lifted their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th. JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Friday, January 10th. HC Wainwright reiterated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Joby Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors have recently bought and sold shares of JOBY. Hamilton Lane Advisors LLC bought a new position in shares of Joby Aviation during the 4th quarter worth approximately $418,000. Salem Investment Counselors Inc. raised its stake in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after acquiring an additional 5,000 shares during the period. Watts Gwilliam & Co. LLC acquired a new stake in Joby Aviation during the 4th quarter valued at $154,000. Everence Capital Management Inc. bought a new position in Joby Aviation during the fourth quarter worth $142,000. Finally, Tidal Investments LLC increased its holdings in shares of Joby Aviation by 13.7% in the third quarter. Tidal Investments LLC now owns 29,246 shares of the company’s stock valued at $147,000 after purchasing an additional 3,522 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

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.