Joby Aviation (NYSE:JOBY) Shares Up 0.5% - Should You Buy?

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) rose 0.5% during trading on Monday . The stock traded as high as $5.94 and last traded at $5.64. Approximately 3,721,357 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 6,057,595 shares. The stock had previously closed at $5.61.

Analyst Ratings Changes

JOBY has been the subject of several recent research reports. HC Wainwright reissued a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of Joby Aviation from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $10.50 price objective on shares of Joby Aviation in a research note on Friday, October 4th.

Joby Aviation Stock Down 2.1 %

The company's fifty day moving average is $5.25 and its two-hundred day moving average is $5.25. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of -7.42 and a beta of 1.97.

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

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Insider Activity at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 6,025 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now owns 47,474 shares of the company's stock, valued at approximately $253,036.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the sale, the chief executive officer now owns 32,674,274 shares of the company's stock, valued at approximately $158,470,228.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Didier Papadopoulos sold 6,025 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now directly owns 47,474 shares in the company, valued at approximately $253,036.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 525,499 shares of company stock valued at $2,667,151 over the last 90 days. 32.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors have recently modified their holdings of JOBY. Caprock Group LLC acquired a new position in shares of Joby Aviation in the 1st quarter valued at $239,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Joby Aviation by 215.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 396,682 shares of the company's stock valued at $1,965,000 after acquiring an additional 270,794 shares during the period. Janney Montgomery Scott LLC grew its position in Joby Aviation by 84.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,223 shares of the company's stock valued at $1,084,000 after buying an additional 92,508 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Joby Aviation in the 1st quarter valued at $324,000. Finally, ProShare Advisors LLC grew its position in Joby Aviation by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company's stock valued at $269,000 after buying an additional 3,942 shares during the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

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.