Joby Aviation (NYSE:JOBY) Trading Down 0.4%

Shares of Joby Aviation, Inc. (NYSE:JOBY) fell 0.4% during trading on Friday . The stock traded as low as $5.11 and last traded at $5.16. 1,578,231 shares were traded during trading, a decline of 71% from the average session volume of 5,479,577 shares. The stock had previously closed at $5.18.

Analyst Ratings Changes

Several research firms have commented on JOBY. JPMorgan Chase & Co. increased their price objective on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. HC Wainwright began coverage on shares of Joby Aviation in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $9.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Joby Aviation from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Joby Aviation Trading Down 1.0 %

The company has a market cap of $3.63 billion, a PE ratio of -6.79 and a beta of 1.97. The company’s 50 day moving average is $5.51 and its 200 day moving average is $5.22.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The company had revenue of $0.28 million during the quarter, compared to analysts’ expectations of $0.28 million. During the same period in the prior year, the business earned ($0.17) EPS. Analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Kate Dehoff sold 5,815 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $6.76, for a total transaction of $39,309.40. Following the transaction, the insider now owns 199,413 shares of the company’s stock, valued at approximately $1,348,031.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Didier Papadopoulos sold 6,025 shares of the firm’s 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 sale, the insider now directly owns 47,474 shares in the company, valued at approximately $253,036.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kate Dehoff sold 5,815 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $6.76, for a total transaction of $39,309.40. Following the completion of the sale, the insider now owns 199,413 shares in the company, valued at $1,348,031.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,840 shares of company stock valued at $1,624,660. Company insiders own 32.40% of the company’s stock.

Institutional Trading of Joby Aviation

A number of institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in Joby Aviation in the 2nd quarter worth approximately $81,000. EP Wealth Advisors LLC acquired a new stake in Joby Aviation in the 2nd quarter worth approximately $165,000. Algert Global LLC acquired a new stake in Joby Aviation in the 2nd quarter worth approximately $90,000. Susquehanna Fundamental Investments LLC boosted its stake in Joby Aviation by 1,018.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after purchasing an additional 616,579 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Joby Aviation by 28.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,275 shares of the company’s stock worth $1,266,000 after purchasing an additional 55,340 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

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.