Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Eric Allison sold 21,101 shares of Joby Aviation stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $10.70, for a total transaction of $225,780.70. Following the completion of the sale, the insider now owns 336,017 shares of the company’s stock, valued at approximately $3,595,381.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Joby Aviation Price Performance
Shares of NYSE:JOBY traded down $0.71 during midday trading on Friday, hitting $9.85. 9,314,570 shares of the company’s stock were exchanged, compared to its average volume of 5,606,805. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $11.98. The company has a market cap of $6.22 billion, a PE ratio of -18.58 and a beta of 2.12. The stock has a 50 day moving average price of $6.92 and a 200-day moving average price of $5.06.
Joby Aviation (NYSE:JOBY – Get Free Report) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). On average, analysts anticipate that Joby Aviation, Inc. will post -0.6 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on JOBY shares. Canaccord Genuity Group began coverage on shares of Joby Aviation in a report on Friday, June 9th. They issued a “buy” rating and a $8.00 price target for the company. SpectralCast restated a “maintains” rating on shares of Joby Aviation in a research note on Friday, June 30th. Finally, 888 reaffirmed a “maintains” rating on shares of Joby Aviation in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Joby Aviation currently has a consensus rating of “Hold” and a consensus target price of $6.50.
Institutional Investors Weigh In On Joby Aviation
Several institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Joby Aviation by 60.7% in the 1st quarter. FMR LLC now owns 6,065 shares of the company’s stock worth $26,000 after buying an additional 2,290 shares during the last quarter. CWM LLC boosted its position in Joby Aviation by 78.4% in the first quarter. CWM LLC now owns 8,301 shares of the company’s stock worth $36,000 after purchasing an additional 3,649 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Joby Aviation in the 3rd quarter valued at $43,000. Cahaba Wealth Management Inc. purchased a new stake in shares of Joby Aviation during the 1st quarter valued at $43,000. Finally, Independent Advisor Alliance bought a new stake in shares of Joby Aviation during the 1st quarter worth $44,000. Institutional investors own 30.98% of the company’s stock.
Joby Aviation Company 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.