Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 24.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,046 shares of the company’s stock after selling 3,666 shares during the period. Stifel Financial Corp’s holdings in Joby Aviation were worth $56,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Joby Aviation by 41.8% in the second quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock valued at $7,521,000 after acquiring an additional 435,069 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Joby Aviation by 59.6% in the second quarter. Principal Financial Group Inc. now owns 54,294 shares of the company’s stock valued at $277,000 after acquiring an additional 20,280 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Joby Aviation by 67.1% in the second quarter. Commonwealth Equity Services LLC now owns 102,399 shares of the company’s stock valued at $522,000 after acquiring an additional 41,128 shares during the period. Flaharty Asset Management LLC boosted its position in shares of Joby Aviation by 25.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 15,000 shares of the company’s stock worth $76,000 after purchasing an additional 3,000 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Joby Aviation in the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Needham & Company LLC began coverage on Joby Aviation in a research note on Tuesday, November 19th. They set a “buy” rating and a $8.00 price target for the company. Canaccord Genuity Group decreased their price target on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut 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 report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 30th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35.

Joby Aviation Trading Down 6.0 %

Shares of JOBY stock opened at $8.39 on Tuesday. The firm has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $5.96. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $9.33. The company has a market capitalization of $6.42 billion, a PE ratio of -11.99 and a beta of 2.32.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The company had revenue of $0.28 million during the quarter, compared to the consensus estimate 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 period last year, the business posted ($0.13) EPS. Equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Activity at Joby Aviation

In other news, insider Matthew Field sold 5,643 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $5.96, for a total transaction of $33,632.28. Following the completion of the sale, the insider now owns 293,143 shares in the company, valued at approximately $1,747,132.28. This represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kate Dehoff sold 27,898 shares of the business’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 sale, the insider now directly owns 199,413 shares in the company, valued at approximately $1,096,771.50. This trade represents a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,065 shares of company stock worth $551,080 over the last ninety days. 32.40% of the stock is currently owned by corporate insiders.

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.