1 week Ago By ABMN Staff
Shares of Joby Aviation, Inc. ( NYSE:JOBY – Get Free Report ) reached a new 52-week high during trading on Saturday . The company traded as high as $9.
82 and last traded at $9.77, with a volume of 29006756 shares traded. The stock had previously closed at $8.
09. Wall Street Analyst Weigh In Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co.
lowered their price objective on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th.
Canaccord Genuity Group cut their price objective on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a report on Tuesday, October 29th.
Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a report on Monday, September 30th. HC Wainwright reissued a “buy” rating and set a $9.
00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, Needham & Company LLC initiated coverage on shares of Joby Aviation in a research note on Tuesday, November 19th. They issued a “buy” rating and a $8.
00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.
com, Joby Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35. Read Our Latest Stock Analysis on Joby Aviation Joby Aviation Price Performance Joby Aviation ( NYSE:JOBY – Get Free Report ) last issued its quarterly earnings results on Wednesday, November 6th.
The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.
02). The business had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.
06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.
57%. During the same quarter in the prior year, the company posted ($0.13) EPS.
On average, analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.
Insider Buying and Selling In other news, insider Kate Dehoff sold 27,898 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $5.50, for a total transaction of $153,439.
00. Following the completion of the sale, the insider now owns 199,413 shares of the company’s stock, valued at $1,096,771.50.
This represents a 12.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, insider Didier Papadopoulos sold 6,005 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.
25. Following the transaction, the insider now owns 54,776 shares in the company, valued at approximately $419,036.40.
This represents a 9.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders sold 103,111 shares of company stock valued at $674,055. 32.40% of the stock is owned by corporate insiders.
Institutional Trading of Joby Aviation Several large investors have recently added to or reduced their stakes in JOBY. Everence Capital Management Inc. acquired a new position in shares of Joby Aviation during the 4th quarter valued at about $142,000.
Tidal Investments LLC grew its stake in shares of Joby Aviation by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 29,246 shares of the company’s stock valued at $147,000 after buying an additional 3,522 shares during the period.
Geode Capital Management LLC lifted its holdings in Joby Aviation by 7.7% in the third quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock valued at $47,245,000 after acquiring an additional 670,852 shares during the last quarter.
Kensington Investment Counsel LLC grew its position in Joby Aviation by 12.0% in the third quarter. Kensington Investment Counsel LLC now owns 34,099 shares of the company’s stock worth $172,000 after acquiring an additional 3,653 shares during the period.
Finally, EP Wealth Advisors LLC increased its stake in Joby Aviation by 15.4% during the third quarter. EP Wealth Advisors LLC now owns 37,369 shares of the company’s stock worth $188,000 after acquiring an additional 5,000 shares during the last quarter.
52.85% of the stock is currently owned by hedge funds and other institutional investors. Joby Aviation Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Joby Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joby Aviation and related companies with MarketBeat.com's FREE daily email newsletter .
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