Didier Papadopoulos Sells 7,692 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 7,692 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $10.00, for a total transaction of $76,920.00. Following the completion of the transaction, the insider now owns 50,902 shares in the company, valued at approximately $509,020. This represents a 13.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Didier Papadopoulos also recently made the following trade(s):

• On Monday, December 16th, Didier Papadopoulos sold 6,005 shares of Joby Aviation stock. The shares were sold at an average price of $7.65, for a total value of $45,938.25.
• On Thursday, November 21st, Didier Papadopoulos sold 2,279 shares of Joby Aviation stock. The shares were sold at an average price of $7.00, for a total value of $15,953.00.

Joby Aviation Stock Down 7.3 %

NYSE JOBY opened at $9.52 on Thursday. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72. The firm has a 50 day moving average of $7.46 and a two-hundred day moving average of $6.15. The stock has a market capitalization of $7.28 billion, a PE ratio of -13.60 and a beta of 2.33.

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

Analyst Ratings Changes

A number of equities analysts recently commented on JOBY shares. Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday. HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 30th. Needham & Company LLC started coverage on shares of Joby Aviation in a research report on Tuesday, November 19th. They issued a “buy” rating and a $8.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.70.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in shares of Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares in the last quarter. Empowered Funds LLC acquired a new position in Joby Aviation in the third quarter valued at $51,000. Sound Income Strategies LLC grew its holdings in shares of Joby Aviation by 3,311.3% during the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after purchasing an additional 10,000 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Joby Aviation by 403.0% during the third quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after purchasing an additional 9,188 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Joby Aviation in the 2nd quarter valued at about $60,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.