Joby Aviation (NYSE:JOBY – Get Free Report) had its price objective dropped by Needham & Company LLC from $15.00 to $10.00 in a report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price points to a potential upside of 97.75% from the stock’s previous close.
Several other research firms have also recently commented on JOBY. Wall Street Zen cut Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Monday, October 12th. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Canaccord Genuity Group raised shares of Joby Aviation from a “hold” rating to a “buy” rating and decreased their price target for the stock from $11.50 to $7.00 in a report on Thursday. Finally, Morgan Stanley lowered their price objective on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and an average price target of $11.33.
View Our Latest Stock Analysis on Joby Aviation
Joby Aviation Stock Up 4.3%
JOBY opened at $5.06 on Thursday. The firm has a market capitalization of $5.00 billion, a P/E ratio of -5.11 and a beta of 2.84. Joby Aviation has a one year low of $4.43 and a one year high of $17.10. The company has a fifty day moving average price of $5.79 and a 200-day moving average price of $8.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98.
Joby Aviation (NYSE:JOBY – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The company had revenue of $55.09 million for the quarter, compared to the consensus estimate of $38.95 million. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. The firm’s revenue was up 143.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.48) earnings per share. Equities research analysts expect that Joby Aviation will post -1.00 earnings per share for the current fiscal year.
Insider Transactions at Joby Aviation
In other news, insider Eric Allison sold 27,593 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total transaction of $140,448.37. Following the transaction, the insider directly owned 745,120 shares in the company, valued at approximately $3,792,660.80. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Rodrigo Brumana sold 37,831 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.77, for a total value of $256,115.87. Following the transaction, the chief financial officer directly owned 119,729 shares in the company, valued at approximately $810,565.33. This represents a 24.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,017,628 shares of company stock worth $6,340,090. Company insiders own 20.35% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio raised its stake in shares of Joby Aviation by 2.5% during the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock worth $413,000 after acquiring an additional 1,200 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Joby Aviation by 11.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock worth $126,000 after acquiring an additional 1,532 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Joby Aviation by 14.9% in the 1st quarter. International Assets Investment Management LLC now owns 16,566 shares of the company’s stock worth $137,000 after acquiring an additional 2,150 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Joby Aviation by 3.2% in the 3rd quarter. D.A. Davidson & CO. now owns 72,907 shares of the company’s stock valued at $441,000 after purchasing an additional 2,275 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of Joby Aviation by 20.1% in the 3rd quarter. Lido Advisors LLC now owns 14,685 shares of the company’s stock valued at $89,000 after purchasing an additional 2,457 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.
More Joby Aviation News
Here are the key news stories impacting Joby Aviation this week:
- Positive Sentiment: Joby reported third-quarter revenue of $55.1 million, up 143.8% year over year and well above analysts’ estimates. Its loss of $0.22 per share was also narrower than expected. Q3 results
- Positive Sentiment: The company outlined a 2026 revenue target of $135 million–$140 million and is aiming for FAA Type Inspection Authorization in the first half of 2027. It also said it has entered the final stage of type certification and completed a range of FAA “for credit” tests. Revenue plan and certification timeline
- Positive Sentiment: The U.S. Air Force’s commitment to Joby’s autonomous-flight work has grown to nearly $37 million, with the contract ceiling raised to $50 million. Joby also reported first flights in Texas and Florida and 37% manufacturing-output growth. Air Force funding announcement
- Neutral Sentiment: Joby’s acquisition of Resonant Sciences expands its defense capabilities, but investors will be watching how the deal contributes to results alongside the company’s air-taxi development. Resonant Sciences acquisition
- Negative Sentiment: Despite beating estimates, Joby reported a $212 million quarterly net loss. Certification, commercialization and cash needs remain significant risks, and the aircraft is not yet FAA-certified. Earnings and remaining hurdles
Joby Aviation Company Profile
Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.
Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.
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