Joby Aviation (NYSE:JOBY) Trading Up 2.1% – Time to Buy?

Joby Aviation, Inc. (NYSE:JOBY) shares were up 2.1% during mid-day trading on Tuesday . The stock traded as high as $9.82 and last traded at $9.7390. Approximately 19,728,680 shares traded hands during trading, a decline of 33% from the average daily volume of 29,239,230 shares. The stock had previously closed at $9.54.

Key Stories Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Q4 beat: Joby reported ($0.14) EPS vs. consensus ($0.20) and revenue of $30.84M (well above estimates), showing sharply reduced losses and accelerating top‑line traction — a key near‑term catalyst for bullish positioning. Earnings Release
• Positive Sentiment: Certification/commercial timing: Joby reiterated progress toward FAA certification and is targeting first passenger flights in 2026 — news that supports the revenue pathway investors are valuing. Joby targets first passenger flights in 2026
• Positive Sentiment: Commercial traction: Joby launched Uber air‑taxi bookings, boosting the commercialization narrative and investor interest in near‑term demand for its service. Uber booking launch
• Positive Sentiment: Funding/liquidity: Coverage notes Joby strengthened its balance sheet (including recent fundraising activity reported alongside results), easing short‑term cash‑runway concerns that had been a major downside risk. Earnings highlights & funding
• Positive Sentiment: Institutional/insider flows: Reports show notable investor interest (including a reported position by Dmitry Balyasny), which can support rallies when operational news is positive. Legendary investor Dmitry Balyasny loads up
• Neutral Sentiment: Options activity: Unusual volume in call options (≈40,845 calls) shows short‑term speculative or hedged bullish interest but is ambiguous for direction. (No article link provided)
• Negative Sentiment: Analyst downgrade/price‑target cut: JPMorgan lowered its price target to $7 and assigned an “underweight” rating, adding fresh downside pressure and giving traders a reason to sell into rallies. JPMorgan underweight note
• Negative Sentiment: Insider selling: Recent small but repeated insider sales by an executive may weigh on sentiment despite being modest in size. SEC Form 4 — Gregory Bowles
• Negative Sentiment: Valuation/technical risk: Multiple analysts highlight rich valuation versus execution risk; JOBY sits below its 50‑ and 200‑day moving averages, increasing downside vulnerability if the company fails to deliver clear certification/production milestones. Analyst/sector coverage

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JOBY. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday. Needham & Company LLC decreased their target price on Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $13.81.

Joby Aviation Stock Up 4.2%

The stock has a market cap of $9.33 billion, a PE ratio of -8.97 and a beta of 2.57. The firm has a fifty day moving average of $12.68 and a 200 day moving average of $14.40.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. During the same period last year, the firm earned ($0.34) earnings per share. The firm’s quarterly revenue was up 5506.5% on a year-over-year basis. On average, equities research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bonny W. Simi sold 110,173 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $13.85, for a total value of $1,525,896.05. Following the completion of the transaction, the insider owned 125,114 shares in the company, valued at approximately $1,732,828.90. This represents a 46.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric Allison sold 32,448 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.25, for a total transaction of $429,936.00. Following the completion of the transaction, the insider directly owned 659,980 shares in the company, valued at $8,744,735. This trade represents a 4.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,470,074 shares of company stock valued at $16,083,913. 28.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in Joby Aviation during the third quarter worth about $663,000. Pier 88 Investment Partners LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth about $635,000. Voya Investment Management LLC boosted its position in shares of Joby Aviation by 20.0% in the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock worth $18,562,000 after acquiring an additional 192,064 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Joby Aviation in the second quarter worth approximately $461,000. Finally, Udine Wealth Management Inc. acquired a new position in Joby Aviation during the third quarter worth approximately $1,414,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.