Joby Aviation (NYSE:JOBY) Stock Price Up 0.4%

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) rose 0.4% on Thursday . The company traded as high as $5.02 and last traded at $4.90. Approximately 1,386,701 shares were traded during trading, a decline of 75% from the average daily volume of 5,521,048 shares. The stock had previously closed at $4.88.

Analysts Set New Price Targets

JOBY has been the topic of several recent analyst reports. HC Wainwright assumed coverage on shares of Joby Aviation in a report on Tuesday. They issued a "buy" rating and a $9.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Joby Aviation from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Canaccord Genuity Group decreased their target price on Joby Aviation from $11.00 to $10.50 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Tuesday.

Joby Aviation Price Performance

The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -6.36 and a beta of 1.98. The firm's fifty day moving average price is $5.51 and its two-hundred day moving average price is $5.25.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.28 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. On average, equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Didier Papadopoulos sold 23,188 shares of the business's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the completion of the sale, the insider now directly owns 54,666 shares of the company's stock, valued at $265,676.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Joby Aviation news, insider Matthew Field sold 11,766 shares of the firm's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.17, for a total transaction of $60,830.22. Following the transaction, the insider now directly owns 299,880 shares in the company, valued at approximately $1,550,379.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Didier Papadopoulos sold 23,188 shares of Joby Aviation stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.86, for a total transaction of $112,693.68. Following the transaction, the insider now directly owns 54,666 shares in the company, valued at $265,676.76. The disclosure for this sale can be found here. Insiders have sold a total of 326,032 shares of company stock worth $1,613,336 in the last ninety days. Corporate insiders own 32.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Joby Aviation in the 2nd quarter valued at about $81,000. EP Wealth Advisors LLC purchased a new stake in shares of Joby Aviation during the second quarter valued at approximately $165,000. Algert Global LLC purchased a new stake in shares of Joby Aviation during the second quarter valued at approximately $90,000. Susquehanna Fundamental Investments LLC lifted its holdings in Joby Aviation by 1,018.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company's stock worth $3,453,000 after acquiring an additional 616,579 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Joby Aviation by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 248,275 shares of the company's stock worth $1,266,000 after purchasing an additional 55,340 shares during the last quarter. 45.54% of the stock is owned by institutional investors.

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.