Joby Aviation (NYSE:JOBY) Stock Price Up 0.7%

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s share price shot up 0.7% on Friday . The company traded as high as $5.48 and last traded at $5.39. 899,755 shares traded hands during trading, a decline of 84% from the average session volume of 5,500,405 shares. The stock had previously closed at $5.35.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JOBY. JPMorgan Chase & Co. increased their target price on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. HC Wainwright began coverage on shares of Joby Aviation in a report on Tuesday, September 3rd. They set a "buy" rating and a $9.00 target price for the company. Canaccord Genuity Group dropped their target price on shares of Joby Aviation from $11.00 to $10.50 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $10.00 target price on shares of Joby Aviation in a report on Monday.

Joby Aviation Stock Up 1.5 %

The company's fifty day simple moving average is $5.53 and its 200 day simple moving average is $5.23. The firm has a market capitalization of $3.89 billion, a PE ratio of -7.14 and a beta of 1.97.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The company had revenue of $0.28 million during the quarter, compared to analysts' expectations of $0.28 million. During the same quarter last year, the business earned ($0.17) earnings per share. Equities research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 23,188 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 54,666 shares of the company's stock, valued at $265,676.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $1,215,000.00. Following the completion of the transaction, the chief executive officer now owns 32,724,274 shares of the company's stock, valued at $159,039,971.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Didier Papadopoulos sold 23,188 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the sale, the insider now directly owns 54,666 shares of the company's stock, valued at approximately $265,676.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 326,032 shares of company stock valued at $1,613,336. Corporate insiders own 32.40% of the company's stock.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in JOBY. Nisa Investment Advisors LLC increased its position in shares of Joby Aviation by 216.3% during the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company's stock valued at $44,000 after acquiring an additional 5,840 shares in the last quarter. Integris Wealth Management LLC bought a new stake in shares of Joby Aviation during the second quarter valued at approximately $54,000. Dakota Wealth Management bought a new stake in shares of Joby Aviation during the second quarter valued at approximately $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Joby Aviation during the second quarter valued at approximately $57,000. Finally, Choreo LLC bought a new stake in shares of Joby Aviation during the second quarter valued at approximately $60,000. Institutional investors own 45.54% of the company's stock.

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.