Cantor Fitzgerald Predicts Joby Aviation FY2025 Earnings

Joby Aviation, Inc. (NYSE:JOBY) – Equities research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Joby Aviation in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard expects that the company will post earnings per share of ($0.85) for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period last year, the firm earned ($0.13) EPS.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their target price for the company from $5.00 to $6.00 in a report on Friday, January 10th. Canaccord Genuity Group upped their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC raised their price target on Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.30.

Joby Aviation Stock Up 1.0 %

Shares of JOBY stock opened at $8.75 on Thursday. The stock has a market cap of $6.70 billion, a P/E ratio of -12.51 and a beta of 2.33. Joby Aviation has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The business has a fifty day simple moving average of $8.14 and a 200-day simple moving average of $6.41.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Amalgamated Bank increased its position in shares of Joby Aviation by 46.2% in the second quarter. Amalgamated Bank now owns 13,905 shares of the company’s stock worth $71,000 after acquiring an additional 4,391 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Joby Aviation by 142.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,200 shares of the company’s stock worth $129,000 after purchasing an additional 14,805 shares during the period. Hsbc Holdings PLC raised its position in Joby Aviation by 27.9% in the second quarter. Hsbc Holdings PLC now owns 160,151 shares of the company’s stock valued at $802,000 after purchasing an additional 34,890 shares during the period. Xponance Inc. lifted its stake in shares of Joby Aviation by 52.0% during the second quarter. Xponance Inc. now owns 25,614 shares of the company’s stock worth $131,000 after purchasing an additional 8,759 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Joby Aviation by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 248,275 shares of the company’s stock worth $1,266,000 after buying an additional 55,340 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 23,886 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.08, for a total transaction of $192,998.88. Following the completion of the sale, the chief executive officer now directly owns 768,293 shares in the company, valued at $6,207,807.44. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory Bowles sold 7,748 shares of Joby Aviation stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.08, for a total value of $62,603.84. Following the completion of the transaction, the insider now directly owns 29,235 shares in the company, valued at $236,218.80. This represents a 20.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 672,338 shares of company stock worth $5,864,050. Insiders own 32.40% 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.