Joby Aviation (NYSE:JOBY) Trading 2.7% Higher

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) shares rose 2.7% during mid-day trading on Thursday . The stock traded as high as $5.43 and last traded at $5.34. Approximately 1,094,915 shares traded hands during trading, a decline of 80% from the average daily volume of 5,479,713 shares. The stock had previously closed at $5.20.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Joby Aviation from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. 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. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Monday, September 9th. Finally, HC Wainwright began coverage on shares of Joby Aviation in a research report on Tuesday, September 3rd. They set a "buy" rating and a $9.00 price objective for the company.

Joby Aviation Stock Down 0.2 %

The company has a market capitalization of $3.72 billion, a P/E ratio of -6.83 and a beta of 1.97. The firm's 50-day moving average price is $5.51 and its 200 day moving average price is $5.22.

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

Insider Activity at Joby Aviation

In related news, insider Matthew Field sold 5,642 shares of the company's stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $5.19, for a total transaction of $29,281.98. Following the sale, the insider now directly owns 294,238 shares in the company, valued at approximately $1,527,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Matthew Field sold 5,642 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $5.19, for a total transaction of $29,281.98. Following the sale, the insider now owns 294,238 shares of the company's stock, valued at approximately $1,527,095.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 6,025 shares of Joby Aviation stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.33, for a total value of $32,113.25. Following the transaction, the insider now directly owns 47,474 shares of the company's stock, valued at approximately $253,036.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,840 shares of company stock worth $1,624,660. Company insiders own 32.40% of the company's stock.

Institutional Investors Weigh In On Joby Aviation

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in Joby Aviation by 216.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company's stock worth $44,000 after buying an additional 5,840 shares in the last quarter. Integris Wealth Management LLC purchased a new position in Joby Aviation in the second quarter worth $54,000. Dakota Wealth Management bought a new position in Joby Aviation in the second quarter valued at $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Joby Aviation during the second quarter valued at about $57,000. Finally, Choreo LLC bought a new stake in Joby Aviation during the second quarter worth about $60,000. Institutional investors own 45.54% of the company's stock.

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.