Joby Aviation (NYSE:JOBY – Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.10% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. HC Wainwright restated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a report on Wednesday, October 2nd. Canaccord Genuity Group lowered their target price on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a report on Monday, September 30th.
Check Out Our Latest Research Report on JOBY
Joby Aviation Stock Performance
Joby Aviation (NYSE:JOBY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). The business had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.28 million. During the same period last year, the business posted ($0.17) earnings per share. As a group, sell-side analysts anticipate that Joby Aviation will post -0.69 earnings per share for the current year.
Insider Activity
In other Joby Aviation news, insider Matthew Field sold 5,643 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $5.96, for a total value of $33,632.28. Following the transaction, the insider now owns 293,143 shares of the company’s stock, valued at approximately $1,747,132.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Didier Papadopoulos sold 6,025 shares of Joby Aviation stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $5.33, for a total value of $32,113.25. Following the sale, the insider now owns 47,474 shares of the company’s stock, valued at approximately $253,036.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Field sold 5,643 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $5.96, for a total value of $33,632.28. Following the transaction, the insider now directly owns 293,143 shares of the company’s stock, valued at approximately $1,747,132.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 525,499 shares of company stock valued at $2,667,151 over the last three months. Corporate insiders own 32.40% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in JOBY. Janney Montgomery Scott LLC increased its stake in shares of Joby Aviation by 15.0% in the third quarter. Janney Montgomery Scott LLC now owns 266,882 shares of the company’s stock worth $1,342,000 after purchasing an additional 34,866 shares in the last quarter. Fullcircle Wealth LLC grew its stake in Joby Aviation by 40.0% in the 3rd quarter. Fullcircle Wealth LLC now owns 21,000 shares of the company’s stock valued at $111,000 after buying an additional 6,000 shares in the last quarter. Modera Wealth Management LLC raised its holdings in Joby Aviation by 46.9% during the 3rd quarter. Modera Wealth Management LLC now owns 23,500 shares of the company’s stock valued at $118,000 after acquiring an additional 7,500 shares during the period. International Assets Investment Management LLC lifted its position in shares of Joby Aviation by 403.0% during the third quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after acquiring an additional 9,188 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Joby Aviation by 45.3% in the third quarter. Private Advisor Group LLC now owns 34,513 shares of the company’s stock worth $174,000 after acquiring an additional 10,765 shares during the period. Hedge funds and other institutional investors own 45.54% 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.
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