10,925 Shares in Joby Aviation, Inc. $JOBY Purchased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,925 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors have also recently made changes to their positions in JOBY. GAMMA Investing LLC grew its position in shares of Joby Aviation by 773.9% during the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $34,000 after purchasing an additional 5,015 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Joby Aviation by 54.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,112 shares of the company’s stock worth $139,000 after purchasing an additional 8,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Joby Aviation by 11.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 71,663 shares of the company’s stock worth $431,000 after purchasing an additional 7,607 shares in the last quarter. Spire Wealth Management grew its position in shares of Joby Aviation by 38.4% during the first quarter. Spire Wealth Management now owns 18,652 shares of the company’s stock worth $112,000 after purchasing an additional 5,174 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Joby Aviation by 138.8% during the first quarter. Golden State Wealth Management LLC now owns 12,300 shares of the company’s stock worth $74,000 after purchasing an additional 7,150 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Activity

In related news, insider Kate Dehoff sold 20,824 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $17.48, for a total transaction of $364,003.52. Following the completion of the sale, the insider directly owned 149,369 shares of the company’s stock, valued at approximately $2,610,970.12. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Allison sold 27,537 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $16.84, for a total value of $463,723.08. Following the sale, the insider directly owned 692,428 shares of the company’s stock, valued at $11,660,487.52. This represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,830,880 shares of company stock worth $28,060,985 in the last three months. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

NYSE:JOBY opened at $16.15 on Monday. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of -15.10 and a beta of 2.52. Joby Aviation, Inc. has a 1 year low of $4.80 and a 1 year high of $20.95. The business has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $12.16.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The firm had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.05 million. Joby Aviation’s revenue was down 94.6% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. As a group, analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen cut Joby Aviation from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Canaccord Genuity Group cut Joby Aviation from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, August 7th. Zacks Research cut Joby Aviation from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Morgan Stanley raised their price target on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 9th. Finally, HC Wainwright cut Joby Aviation from a “buy” rating to a “neutral” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.83.

Joby Aviation Profile

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.