Joby Aviation (NYSE:JOBY) Stock Price Up 6%

Joby Aviation, Inc. (NYSE:JOBY) rose 6% on Tuesday . The company traded as high as $5.18 and last traded at $5.16. Approximately 1,313,107 shares changed hands during trading, a decline of 74% from the average daily volume of 5,012,352 shares. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

JOBY has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Monday. JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Friday, May 3rd.

Joby Aviation Trading Up 3.7 %

The stock has a 50 day simple moving average of $5.04 and a 200 day simple moving average of $5.43. The stock has a market cap of $3.64 billion, a P/E ratio of -6.77 and a beta of 2.00.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. During the same quarter last year, the business earned ($0.16) EPS. Joby Aviation’s revenue was down 97.5% on a year-over-year basis. Equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In other Joby Aviation news, insider Eric Allison sold 19,393 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $4.70, for a total transaction of $91,147.10. Following the transaction, the insider now owns 422,592 shares in the company, valued at approximately $1,986,182.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Joby Aviation news, insider Didier Papadopoulos sold 7,262 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $5.15, for a total value of $37,399.30. Following the sale, the insider now owns 65,561 shares of the company’s stock, valued at approximately $337,639.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric Allison sold 19,393 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $4.70, for a total value of $91,147.10. Following the completion of the sale, the insider now directly owns 422,592 shares in the company, valued at approximately $1,986,182.40. The disclosure for this sale can be found here. Insiders have sold a total of 331,925 shares of company stock worth $1,613,729 in the last 90 days. Company insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of JOBY. Cetera Advisors LLC boosted its holdings in shares of Joby Aviation by 32.9% during the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after acquiring an additional 5,025 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Joby Aviation by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company’s stock valued at $1,037,000 after acquiring an additional 10,234 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Joby Aviation during the 1st quarter valued at $15,357,000. Vanguard Group Inc. boosted its holdings in shares of Joby Aviation by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after acquiring an additional 2,889,012 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Joby Aviation by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after acquiring an additional 3,942 shares in the last quarter. Institutional investors and hedge funds 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.