Short Interest in Joby Aviation, Inc. (NYSE:JOBY) Declines By 8.3%

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 66,180,000 shares, a decrease of 8.3% from the December 15th total of 72,190,000 shares. Approximately 15.0% of the shares of the stock are sold short. Based on an average daily volume of 18,960,000 shares, the short-interest ratio is currently 3.5 days.

Insider Transactions at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,005 shares of Joby Aviation stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the completion of the sale, the insider now directly owns 54,776 shares of the company's stock, valued at approximately $419,036.40. This trade represents a 9.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory Bowles sold 7,748 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.08, for a total value of $62,603.84. Following the transaction, the insider now directly owns 29,235 shares in the company, valued at $236,218.80. This trade represents a 20.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 640,849 shares of company stock worth $5,601,747. Insiders own 32.40% of the company's stock.

Institutional Trading of Joby Aviation

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock worth $37,000 after purchasing an additional 5,000 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Joby Aviation by 5,000.0% during the fourth 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. Empowered Funds LLC acquired a new stake in Joby Aviation in the 3rd quarter valued at approximately $51,000. Sound Income Strategies LLC lifted its stake in Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company's stock valued at $52,000 after acquiring an additional 10,000 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Joby Aviation by 403.0% during the 3rd 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 during the last quarter. 52.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. HC Wainwright restated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered shares of 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 report on Friday, January 10th. Canaccord Genuity Group lifted their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Needham & Company LLC increased their price target on Joby Aviation from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.30.

Joby Aviation Price Performance

Shares of NYSE JOBY traded down $0.20 during midday trading on Monday, reaching $8.18. 9,871,001 shares of the stock were exchanged, compared to its average volume of 17,184,500. Joby Aviation has a 12 month low of $4.50 and a 12 month high of $10.72. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of -11.68 and a beta of 2.33. The business has a 50-day simple moving average of $7.97 and a two-hundred day simple moving average of $6.35.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.06 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Equities research analysts expect that Joby Aviation will post -0.69 earnings per share for the current fiscal year.

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.