HC Wainwright Increases Earnings Estimates for Joby Aviation

Joby Aviation, Inc. (NYSE:JOBY) – Investment analysts at HC Wainwright boosted their FY2026 EPS estimates for Joby Aviation in a research note issued to investors on Thursday, November 5th. HC Wainwright analyst A. Dayal now anticipates that the company will earn ($0.96) per share for the year, up from their prior estimate of ($0.98). HC Wainwright currently has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.97) per share. HC Wainwright also issued estimates for Joby Aviation’s Q4 2026 earnings at ($0.28) EPS, FY2027 earnings at ($0.96) EPS, FY2028 earnings at ($0.82) EPS, FY2029 earnings at ($0.66) EPS and FY2030 earnings at ($0.40) EPS.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. Joby Aviation had a negative net margin of 462.85% and a negative return on equity of 48.49%. The business had revenue of $55.09 million for the quarter, compared to analyst estimates of $38.95 million. During the same period in the prior year, the company posted ($0.48) EPS. The company’s revenue for the quarter was up 143.8% on a year-over-year basis.

Several other analysts have also commented on the company. Morgan Stanley dropped their price objective on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Susquehanna set a $18.00 price objective on Joby Aviation in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday, October 12th. Canaccord Genuity Group upgraded Joby Aviation from a “hold” rating to a “buy” rating and decreased their target price for the company from $11.50 to $7.00 in a research report on Thursday, November 5th. Finally, Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Joby Aviation presently has a consensus rating of “Reduce” and a consensus price target of $11.33.

Joby Aviation Stock Performance

NYSE JOBY opened at $6.16 on Monday. Joby Aviation has a twelve month low of $4.43 and a twelve month high of $17.10. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $5.71 and a 200 day moving average of $8.40.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC purchased a new stake in shares of Joby Aviation in the second quarter valued at approximately $27,000. Western Wealth Management LLC purchased a new position in Joby Aviation during the first quarter worth approximately $37,000. Geneos Wealth Management Inc. lifted its position in Joby Aviation by 95.5% during the first quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock worth $44,000 after buying an additional 2,630 shares in the last quarter. Parallel Advisors LLC boosted its stake in Joby Aviation by 42.5% during the third quarter. Parallel Advisors LLC now owns 8,597 shares of the company’s stock worth $52,000 after buying an additional 2,562 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Joby Aviation during the second quarter worth $60,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Gregory Bowles sold 5,302 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $5.78, for a total transaction of $30,645.56. Following the transaction, the insider directly owned 193,704 shares in the company, valued at approximately $1,119,609.12. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 27,593 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total transaction of $140,448.37. Following the sale, the insider directly owned 745,120 shares of the company’s stock, valued at approximately $3,792,660.80. This represents a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,017,628 shares of company stock valued at $6,340,090. Corporate insiders own 20.35% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation, Inc develops electric vertical takeoff and landing (eVTOL) aircraft for passenger transportation. Its aircraft are designed to take off and land vertically, then fly like an airplane, with the goal of providing quiet, zero-operating-emission air taxi services for urban and regional trips.

Founded in 2009 by JoeBen Bevirt, the California-based company is working to develop and manufacture its aircraft and establish the operations needed to offer commercial passenger flights.