Kate Dehoff Sells 6,205 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,205 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $8.10, for a total value of $50,260.50. Following the completion of the sale, the insider now directly owns 215,947 shares in the company, valued at approximately $1,749,170.70. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kate Dehoff also recently made the following trade(s):

• On Wednesday, October 16th, Kate Dehoff sold 27,898 shares of Joby Aviation stock. The stock was sold at an average price of $5.50, for a total value of $153,439.00.

Joby Aviation Price Performance

Shares of NYSE:JOBY traded down $0.11 on Tuesday, hitting $7.85. 11,665,120 shares of the company’s stock were exchanged, compared to its average volume of 19,690,748. The business’s 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $6.24. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of -11.21 and a beta of 2.33. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period last year, the business posted ($0.13) earnings per share. Equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after buying an additional 5,000 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after acquiring an additional 5,000 shares during the last quarter. Empowered Funds LLC acquired a new stake in Joby Aviation during the 3rd quarter worth about $51,000. Sound Income Strategies LLC raised its position in Joby Aviation by 3,311.3% during the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock valued at $52,000 after acquiring an additional 10,000 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after purchasing an additional 9,188 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JOBY shares. Needham & Company LLC increased their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $5.00 to $6.00 in a research note on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a report on Monday, September 30th. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group increased their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.30.

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.