Joby Aviation (NYSE:JOBY) Earns Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Joby Aviation (NYSE:JOBY) in a research note published on Thursday morning,Benzinga reports. HC Wainwright currently has a $9.00 price objective on the stock. HC Wainwright also issued estimates for Joby Aviation’s Q2 2025 earnings at ($0.18) EPS.

Several other brokerages have also issued reports on JOBY. JPMorgan Chase & Co. dropped their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Thursday. Finally, Canaccord Genuity Group raised their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and an average target price of $8.90.

Joby Aviation Trading Up 1.0 %

Shares of NYSE:JOBY opened at $6.77 on Thursday. The company has a market cap of $5.18 billion, a PE ratio of -9.66 and a beta of 2.33. The company’s 50 day moving average is $8.16 and its two-hundred day moving average is $6.71. Joby Aviation has a 52 week low of $4.50 and a 52 week high of $10.72.

Insider Buying and Selling

In other Joby Aviation news, insider Didier Papadopoulos sold 6,005 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $7.65, for a total transaction of $45,938.25. Following the sale, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. The trade was a 9.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bonny W. Simi sold 31,489 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $8.33, for a total transaction of $262,303.37. Following the completion of the transaction, the insider now directly owns 137,097 shares of the company’s stock, valued at approximately $1,142,018.01. This trade represents a 18.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,018,699 shares of company stock valued at $8,628,124 over the last three months. 32.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of JOBY. Carolinas Wealth Consulting LLC acquired a new position in Joby Aviation during the fourth quarter worth about $41,000. Toronto Dominion Bank purchased a new position in shares of Joby Aviation during the 4th quarter worth approximately $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Joby Aviation by 15.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,860 shares of the company’s stock worth $3,617,000 after purchasing an additional 57,929 shares during the last quarter. Valueworks LLC lifted its stake in Joby Aviation by 14.0% in the 4th quarter. Valueworks LLC now owns 2,340,170 shares of the company’s stock valued at $19,026,000 after buying an additional 288,140 shares in the last quarter. Finally, Toyota Motor Corp acquired a new stake in Joby Aviation during the 4th quarter valued at $640,259,000. 52.85% of the stock is 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.