Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s stock price was up 1.3% during mid-day trading on Friday . The company traded as high as $6.00 and last traded at $5.86. Approximately 11,563,126 shares were traded during trading, an increase of 2% from the average daily volume of 11,345,349 shares. The stock had previously closed at $5.79.
Analysts Set New Price Targets
Several research firms have recently commented on JOBY. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Cantor Fitzgerald restated an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. Canaccord Genuity Group upped their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday, February 27th. Finally, HC Wainwright reiterated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Joby Aviation presently has an average rating of "Moderate Buy" and an average target price of $8.58.
Get Our Latest Analysis on JOBY
Joby Aviation Stock Performance
The company's fifty day moving average price is $6.43 and its two-hundred day moving average price is $6.98. The firm has a market capitalization of $4.62 billion, a PE ratio of -8.38 and a beta of 2.35.
Insider Activity at Joby Aviation
In related news, insider Eric Allison sold 24,395 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $6.04, for a total value of $147,345.80. Following the completion of the transaction, the insider now owns 627,726 shares of the company's stock, valued at approximately $3,791,465.04. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joeben Bevirt sold 250,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $5.89, for a total value of $1,472,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,275,793 shares in the company, valued at approximately $190,104,420.77. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 823,112 shares of company stock worth $5,754,922. Company insiders own 32.40% of the company's stock.
Hedge Funds Weigh In On Joby Aviation
Several large investors have recently modified their holdings of the stock. Whittier Trust Co. acquired a new position in Joby Aviation during the 4th quarter valued at approximately $38,000. Allworth Financial LP boosted its stake in Joby Aviation by 200.6% during the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company's stock valued at $44,000 after purchasing an additional 3,320 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $41,000. Toronto Dominion Bank acquired a new position in shares of Joby Aviation during the fourth quarter worth approximately $41,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in Joby Aviation in the 4th quarter valued at approximately $41,000. Institutional investors own 52.85% of the company's stock.
Joby Aviation Company Profile
(
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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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