Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 2,279 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $7.00, for a total transaction of $15,953.00. Following the completion of the sale, the insider now directly owns 50,975 shares in the company, valued at approximately $356,825. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Didier Papadopoulos also recently made the following trade(s):
- On Monday, September 16th, Didier Papadopoulos sold 6,025 shares of Joby Aviation stock. The stock was sold at an average price of $5.33, for a total value of $32,113.25.
Joby Aviation Price Performance
Shares of NYSE JOBY opened at $7.09 on Friday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -10.13 and a beta of 1.97. The stock's fifty day moving average price is $5.54 and its two-hundred day moving average price is $5.37. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69.
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Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The business had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. During the same quarter last year, the company posted ($0.13) earnings per share. On average, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Joby Aviation in a report on Monday, September 30th. HC Wainwright reiterated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, October 2nd. Canaccord Genuity Group dropped their price objective on shares of Joby Aviation from $10.50 to $9.75 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. Finally, Needham & Company LLC assumed coverage on shares of Joby Aviation in a report on Tuesday. They set a "buy" rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $8.35.
Get Our Latest Report on Joby Aviation
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in JOBY. Larson Financial Group LLC increased its position in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock worth $37,000 after purchasing an additional 5,000 shares during the period. Nisa Investment Advisors LLC increased its holdings in Joby Aviation by 216.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company's stock valued at $44,000 after buying an additional 5,840 shares during the period. Empowered Funds LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at approximately $51,000. Sound Income Strategies LLC lifted its holdings in shares of Joby Aviation by 3,311.3% during the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company's stock worth $52,000 after acquiring an additional 10,000 shares during the period. Finally, Integris Wealth Management LLC acquired a new stake in shares of Joby Aviation during the 2nd quarter worth approximately $54,000. 45.54% of the stock is owned by institutional investors.
About Joby Aviation
(
Get Free Report)
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.
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