Bonny W. Simi Sells 9,695 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny W. Simi sold 9,695 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the completion of the sale, the insider now directly owns 146,941 shares of the company’s stock, valued at $996,259.98. The trade was a 6.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Joby Aviation Stock Performance

Joby Aviation stock opened at $6.43 on Friday. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72. The stock has a market cap of $5.06 billion, a PE ratio of -9.18 and a beta of 2.35. The stock has a 50-day moving average of $7.29 and a two-hundred day moving average of $6.91.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JOBY. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, February 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group lifted their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.90.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently modified their holdings of JOBY. Larson Financial Group LLC increased 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 valued at $37,000 after purchasing an additional 5,000 shares in the last quarter. Whittier Trust Co. purchased a new position in Joby Aviation in the 4th quarter worth $38,000. Salem Investment Counselors Inc. raised its stake in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after acquiring an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in Joby Aviation in the 4th quarter worth $41,000. Finally, Toronto Dominion Bank acquired a new stake in Joby Aviation during the 4th quarter worth about $41,000. 52.85% of the stock is 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.