HC Wainwright Estimates Joby Aviation Q1 Earnings

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Research analysts at HC Wainwright issued their Q1 2025 earnings per share estimates for shares of Joby Aviation in a report released on Thursday, February 27th. HC Wainwright analyst A. Dayal anticipates that the company will post earnings per share of ($0.19) for the quarter. HC Wainwright currently has a "Buy" rating and a $9.00 target price on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Joby Aviation's Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($0.75) EPS, FY2026 earnings at ($0.72) EPS, FY2027 earnings at ($0.69) EPS, FY2028 earnings at ($0.58) EPS and FY2029 earnings at ($0.47) EPS.

JOBY has been the topic of several other research reports. Canaccord Genuity Group increased their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a research report on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.90.

Joby Aviation Trading Down 8.1 %

JOBY stock traded down $0.57 during trading on Monday, reaching $6.43. The stock had a trading volume of 13,072,359 shares, compared to its average volume of 10,386,198. The firm has a market cap of $4.92 billion, a PE ratio of -9.19 and a beta of 2.33. The stock's 50 day moving average is $8.14 and its two-hundred day moving average is $6.75. Joby Aviation has a 52 week low of $4.50 and a 52 week high of $10.72.

Hedge Funds Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock valued at $37,000 after acquiring an additional 5,000 shares during the last quarter. Whittier Trust Co. purchased a new stake in Joby Aviation during the fourth quarter valued at $38,000. Salem Investment Counselors Inc. grew its stake in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock worth $41,000 after buying an additional 5,000 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Joby Aviation in the 4th quarter worth about $41,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Joby Aviation during the 4th quarter valued at about $41,000. 52.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Joby Aviation news, Director Paul Cahill Sciarra sold 333,334 shares of Joby Aviation stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $8.02, for a total value of $2,673,338.68. Following the sale, the director now directly owns 58,661,395 shares in the company, valued at approximately $470,464,387.90. The trade was a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kate Dehoff sold 6,903 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $7.43, for a total transaction of $51,289.29. Following the transaction, the insider now directly owns 202,276 shares of the company's stock, valued at $1,502,910.68. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,018,699 shares of company stock worth $8,628,124 over the last three months. 32.40% of the stock is currently owned by company insiders.

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.