Joby Aviation’s (JOBY) “Buy” Rating Reiterated at HC Wainwright

Joby Aviation (NYSE:JOBY)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports. They currently have a $9.00 target price on the stock. HC Wainwright’s price target would indicate a potential upside of 28.66% from the stock’s current price. HC Wainwright also issued estimates for Joby Aviation’s Q2 2025 earnings at ($0.18) EPS.

A number of other brokerages have also commented on JOBY. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Joby Aviation in a report on Thursday. Canaccord Genuity Group lifted 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. Finally, JPMorgan Chase & Co. reduced their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and a consensus target price of $8.90.

Joby Aviation Stock Performance

Shares of JOBY stock opened at $7.00 on Thursday. Joby Aviation has a 52 week low of $4.50 and a 52 week high of $10.72. The company’s 50 day moving average price is $8.14 and its two-hundred day moving average price is $6.72. The company has a market capitalization of $5.35 billion, a P/E ratio of -9.99 and a beta of 2.33.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Bonny W. Simi sold 31,489 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.33, for a total value of $262,303.37. Following the completion of the transaction, the insider now directly owns 137,097 shares in the company, valued at $1,142,018.01. This trade represents a 18.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Didier Papadopoulos sold 6,005 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25. Following the transaction, the insider now owns 54,776 shares in the company, valued at approximately $419,036.40. The trade was a 9.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,018,699 shares of company stock worth $8,628,124. Insiders own 32.40% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOBY. Larson Financial Group LLC lifted its position in Joby Aviation by 218.3% during the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Joby Aviation during the fourth quarter worth approximately $38,000. Salem Investment Counselors Inc. lifted its holdings in Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Joby Aviation in the 4th quarter valued at $41,000. Finally, Toronto Dominion Bank acquired a new position in Joby Aviation in the 4th quarter valued at $41,000. 52.85% of the stock is owned by institutional investors.

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.