FY2026 EPS Estimates for Joby Aviation Cut by HC Wainwright

Joby Aviation, Inc. (NYSE:JOBY) – Equities research analysts at HC Wainwright dropped their FY2026 earnings per share (EPS) estimates for shares of Joby Aviation in a research report issued on Monday, June 9th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.72) per share for the year, down from their prior estimate of ($0.71). HC Wainwright currently has a “Buy” rating and a $13.00 target price on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Joby Aviation’s FY2027 earnings at ($0.72) EPS and FY2029 earnings at ($0.44) EPS.

Several other equities analysts have also issued reports on JOBY. Morgan Stanley reissued an “equal weight” rating and set a $7.00 price objective (down from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. Cantor Fitzgerald lowered Joby Aviation from an “overweight” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Thursday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 target price on shares of Joby Aviation in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.33.

Joby Aviation Stock Performance

Shares of JOBY opened at $8.83 on Thursday. The company has a 50 day moving average price of $6.90 and a 200-day moving average price of $7.37. Joby Aviation has a fifty-two week low of $4.66 and a fifty-two week high of $10.72. The stock has a market capitalization of $6.99 billion, a PE ratio of -12.61 and a beta of 2.39.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same period last year, the firm earned ($0.14) earnings per share.

Insider Activity

In other news, insider Bonny W. Simi sold 9,695 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the sale, the insider now owns 146,941 shares in the company, valued at approximately $996,259.98. The trade was a 6.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Cahill Sciarra sold 166,667 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $6.78, for a total transaction of $1,130,002.26. Following the completion of the transaction, the director now directly owns 58,494,728 shares of the company’s stock, valued at $396,594,255.84. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 750,950 shares of company stock worth $4,640,619. Insiders own 28.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JOBY. Stratos Wealth Partners LTD. acquired a new position in shares of Joby Aviation in the 4th quarter valued at $466,000. Golden State Wealth Management LLC purchased a new stake in Joby Aviation during the 4th quarter valued at about $42,000. Kingsview Wealth Management LLC increased its holdings in shares of Joby Aviation by 380.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 74,006 shares of the company’s stock valued at $602,000 after purchasing an additional 58,607 shares during the period. Empowered Funds LLC raised its stake in shares of Joby Aviation by 32.7% in the fourth quarter. Empowered Funds LLC now owns 13,409 shares of the company’s stock worth $109,000 after purchasing an additional 3,308 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Joby Aviation during the fourth quarter worth about $300,000. Hedge funds and other 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.