Cantor Fitzgerald Lifts Earnings Estimates for Joby Aviation

Joby Aviation, Inc. (NYSE:JOBY) – Investment analysts at Cantor Fitzgerald upped their FY2026 earnings per share estimates for shares of Joby Aviation in a research report issued on Thursday, November 6th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings per share of ($0.81) for the year, up from their previous estimate of ($0.86). The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The company had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. Joby Aviation’s revenue for the quarter was up 7962.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) EPS.

A number of other analysts have also recently weighed in on JOBY. Wall Street Zen cut shares of Joby Aviation from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Morgan Stanley lifted 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. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their target price on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Finally, Canaccord Genuity Group lowered Joby Aviation from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $17.00 in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Joby Aviation Stock Performance

JOBY stock opened at $14.92 on Monday. Joby Aviation has a 1 year low of $4.96 and a 1 year high of $20.95. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of -11.13 and a beta of 2.52. The stock’s fifty day moving average is $15.72 and its two-hundred day moving average is $12.90.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Toyota Motor Corp increased its stake in Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after buying an additional 49,701,790 shares during the period. Vanguard Group Inc. increased its stake in shares of Joby Aviation by 13.2% in the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock worth $806,166,000 after acquiring an additional 5,828,189 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Joby Aviation during the first quarter worth $18,936,000. Rheos Capital Works Inc. boosted its position in Joby Aviation by 58.2% during the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after purchasing an additional 2,650,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Joby Aviation during the second quarter valued at $15,392,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Joby Aviation

In other news, insider Didier Papadopoulos sold 15,439 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $16.78, for a total transaction of $259,066.42. Following the completion of the sale, the insider directly owned 103,206 shares of the company’s stock, valued at $1,731,796.68. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joeben Bevirt sold 253,600 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $16.29, for a total value of $4,131,144.00. Following the completion of the transaction, the chief executive officer owned 60,273,162 shares of the company’s stock, valued at $981,849,808.98. This trade represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,657,424 shares of company stock valued at $25,068,869 in the last 90 days. 28.50% of the stock is owned by corporate insiders.

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.