Joby Aviation (NYSE:JOBY) Shares Down 5.1% After Analyst Downgrade

Joby Aviation, Inc. (NYSE:JOBY) was down 5.1% on Thursday after Canaccord Genuity Group lowered their price target on the stock from $15.50 to $11.50. Canaccord Genuity Group currently has a hold rating on the stock. Joby Aviation traded as low as $9.67 and last traded at $9.9790. Approximately 36,342,218 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 27,441,680 shares. The stock had previously closed at $10.52.

A number of other analysts have also recently commented on JOBY. Oppenheimer set a $18.00 price objective on Joby Aviation in a research report on Thursday, February 26th. Morgan Stanley decreased their price target on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Weiss Ratings downgraded shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Joby Aviation presently has a consensus rating of “Reduce” and an average price target of $13.06.

Insider Activity

In other Joby Aviation news, insider Eric Allison sold 27,698 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $8.20, for a total transaction of $227,123.60. Following the completion of the sale, the insider directly owned 750,852 shares in the company, valued at $6,156,986.40. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Didier Papadopoulos sold 3,394 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.76, for a total value of $29,731.44. Following the completion of the transaction, the insider owned 144,284 shares in the company, valued at approximately $1,263,927.84. This trade represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,026 shares of company stock valued at $17,301,065 in the last 90 days. 28.50% of the stock is owned by corporate insiders.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Evidence of industrialization: Joby says it has nine FAA?conforming aircraft in production, signaling a move from R&D to repeatable manufacturing and bringing certification/ commercial launch closer — a potential valuation catalyst. What’s Happening With JOBY Stock?
• Positive Sentiment: Q1 beat and timeline reaffirmed: Joby beat revenue estimates and reiterated a 2026 commercial timeline, narrowing losses and providing clearer near?term operating expectations that lifted investor enthusiasm. Joby Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst targets mixed — upside but cautious conviction: 24/7 Wall St. models a $12.43 target (~mid?teens upside) and calls JOBY a buy with only moderate confidence, reflecting certification momentum offset by cash burn and macro sensitivity. Joby Price Prediction: How Much Higher Can The Stock Go This Year?
• Neutral Sentiment: Strategic ecosystem upside: Uber’s product push toward travel booking and air taxis expands Joby’s potential distribution partners and addressable market, but commercialization execution remains the critical bridge. Uber’s Annual Product Showcase Reveals It Is Coming for Airbnb and Booking (JOBY)
• Negative Sentiment: Burn and losses remain material: Despite revenue beats, Joby continues to report sizable net losses and cash consumption; several articles highlight deeper spending and that the company is still pre?commercial, keeping valuation highly forward?dependent. Joby Keeps Losing Money—and the Stock Keeps Rising
• Negative Sentiment: Volatility and profit?taking risk: The stock spiked on the earnings beat, which can prompt short?term profit?taking; JOBY’s high beta amplifies sensitivity to macro headlines and market rotations away from growth. Why Joby Aviation Stock Is Surging Wednesday: Q1 Earnings Beat Explained

Institutional Investors Weigh In On Joby Aviation

Large investors have recently made changes to their positions in the business. Asset Planning Inc boosted its position in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the period. Strategic Advocates LLC purchased a new stake in Joby Aviation during the 3rd quarter worth $29,000. Canton Hathaway LLC purchased a new position in Joby Aviation in the 3rd quarter valued at about $29,000. Fifth Third Bancorp boosted its position in Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after buying an additional 1,348 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Joby Aviation in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Trading Down 5.1%

The business’s 50-day simple moving average is $9.18 and its two-hundred day simple moving average is $12.20. The company has a market capitalization of $9.77 billion, a PE ratio of -8.68 and a beta of 2.61.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. The company had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $20.17 million. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 73.14%. During the same period in the prior year, the company posted ($0.11) EPS. On average, analysts forecast that Joby Aviation, Inc. will post -0.84 EPS for the current year.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.