HC Wainwright Reaffirms Buy Rating for Joby Aviation (NYSE:JOBY)

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

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Joby Aviation in a research report on Thursday. Finally, Canaccord Genuity Group raised their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Joby Aviation has a consensus 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 stock has a market capitalization of $5.35 billion, a PE ratio of -9.99 and a beta of 2.33. The stock’s fifty day moving average is $8.14 and its 200-day moving average is $6.72.

Insider Buying and Selling at Joby Aviation

In related news, insider Didier Papadopoulos sold 7,692 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $10.00, for a total transaction of $76,920.00. Following the completion of the sale, the insider now directly owns 50,902 shares of the company’s stock, valued at $509,020. The trade was a 13.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kate Dehoff sold 6,903 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $7.43, for a total transaction of $51,289.29. Following the completion of the transaction, the insider now directly owns 202,276 shares in the company, valued at approximately $1,502,910.68. The trade was a 3.30 % 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. Company insiders own 32.40% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new position in shares of Joby Aviation during the 3rd quarter worth about $518,000. Rheos Capital Works Inc. boosted its stake in Joby Aviation by 17.0% during the 4th quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company’s stock worth $19,553,000 after acquiring an additional 350,000 shares during the last quarter. Fred Alger Management LLC grew its holdings in Joby Aviation by 89.4% during the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock valued at $621,000 after purchasing an additional 58,229 shares during the period. Hamilton Lane Advisors LLC acquired a new stake in Joby Aviation in the fourth quarter worth $418,000. Finally, Entropy Technologies LP acquired a new stake in Joby Aviation in the fourth quarter worth $300,000. Institutional investors own 52.85% 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.