Joby Aviation, Inc. (NYSE:JOBY – Get Rating) CEO Joeben Bevirt sold 139,578 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $3.69, for a total transaction of $515,042.82. Following the transaction, the chief executive officer now owns 487,680 shares in the company, valued at $1,799,539.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Joby Aviation Trading Up 5.5 %
NYSE:JOBY opened at $4.44 on Wednesday. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $7.15. The firm has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $4.67. The company has a market capitalization of $2.71 billion, a P/E ratio of -13.45 and a beta of 1.48.
Joby Aviation (NYSE:JOBY – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). Equities analysts forecast that Joby Aviation, Inc. will post -0.58 EPS for the current year.
Institutional Investors Weigh In On Joby Aviation
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Joby Aviation from $7.00 to $6.00 in a research note on Wednesday, November 16th. Barclays lowered their target price on shares of Joby Aviation from $6.00 to $4.50 and set an “equal weight” rating for the company in a research note on Tuesday, November 15th. Morgan Stanley lowered their target price on shares of Joby Aviation from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.
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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.
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