Joby Aviation (NYSE:JOBY) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Joby Aviation (NYSE:JOBY - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. HC Wainwright currently has a $9.00 target price on the stock. HC Wainwright also issued estimates for Joby Aviation's Q2 2025 earnings at ($0.18) EPS.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Joby Aviation presently has a consensus rating of "Moderate Buy" and an average target price of $8.90.

Joby Aviation Price Performance

JOBY stock traded up $0.25 during trading on Thursday, reaching $7.00. The company had a trading volume of 15,978,162 shares, compared to its average volume of 13,786,622. Joby Aviation has a 52 week low of $4.50 and a 52 week high of $10.72. The business has a 50 day moving average of $8.14 and a 200 day moving average of $6.73. The company has a market cap of $5.35 billion, a P/E ratio of -9.99 and a beta of 2.33.

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 6,005 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.65, for a total transaction of $45,938.25. Following the completion of the sale, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. This trade represents a 9.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kate Dehoff sold 6,205 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $8.10, for a total transaction of $50,260.50. Following the transaction, the insider now owns 215,947 shares in the company, valued at $1,749,170.70. This represents a 2.79 % 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 valued at $8,628,124 in the last 90 days. Corporate insiders own 32.40% of the company's stock.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC bought a new position in Joby Aviation in the third quarter valued at about $518,000. Rheos Capital Works Inc. lifted its stake in shares of Joby Aviation by 17.0% in the 4th quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock worth $19,553,000 after purchasing an additional 350,000 shares during the period. Fred Alger Management LLC boosted its holdings in shares of Joby Aviation by 89.4% in the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company's stock worth $621,000 after buying an additional 58,229 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in Joby Aviation during the fourth quarter valued at approximately $418,000. Finally, Entropy Technologies LP purchased a new stake in Joby Aviation during the fourth quarter valued at approximately $300,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.