FY2025 EPS Forecast for Joby Aviation Raised by Analyst

Joby Aviation, Inc. (NYSE:JOBY) – Cantor Fitzgerald upped their FY2025 EPS estimates for Joby Aviation in a report released on Thursday, May 8th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($0.72) per share for the year, up from their prior forecast of ($0.85). Cantor Fitzgerald currently has a “Overweight” rating and a $9.00 target price on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share.

A number of other analysts have also recently issued reports on JOBY. HC Wainwright reissued a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $7.00 target price (down from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Canaccord Genuity Group raised their target price on shares of Joby Aviation from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.67.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $7.00 on Monday. The firm has a fifty day moving average price of $6.21 and a 200-day moving average price of $7.07. The stock has a market cap of $5.51 billion, a PE ratio of -9.99 and a beta of 2.34. Joby Aviation has a 1 year low of $4.66 and a 1 year high of $10.72.

Insider Buying and Selling at Joby Aviation

In other news, Director Paul Cahill Sciarra sold 166,667 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $5.73, for a total value of $955,001.91. Following the completion of the sale, the director now owns 58,328,061 shares in the company, valued at approximately $334,219,789.53. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kate Dehoff sold 6,903 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $51,289.29. Following the completion of the sale, the insider now owns 202,276 shares of the company’s stock, valued at $1,502,910.68. This trade represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 669,802 shares of company stock worth $4,114,387 over the last 90 days. 28.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently made changes to their positions in the company. Rheos Capital Works Inc. lifted its holdings in shares of Joby Aviation by 17.0% in 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. Hamilton Lane Advisors LLC bought a new stake in shares of Joby Aviation in the 4th quarter worth about $418,000. Entropy Technologies LP bought a new stake in shares of Joby Aviation in the 4th quarter worth about $300,000. Raymond James Financial Inc. bought a new stake in shares of Joby Aviation in the 4th quarter worth about $2,168,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Joby Aviation by 10.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,894,326 shares of the company’s stock worth $31,661,000 after acquiring an additional 361,520 shares during the last quarter. 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.