Joby Aviation (NYSE:JOBY) Stock Price Down 2.9% – What’s Next?

Joby Aviation, Inc. (NYSE:JOBY) fell 2.9% during mid-day trading on Thursday . The company traded as low as $9.33 and last traded at $9.60. 18,003,649 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 29,166,508 shares. The stock had previously closed at $9.89.

Joby Aviation News Roundup

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

• Positive Sentiment: Exclusive Dubai commercial launch with Uber puts Joby at the front of the first all-electric air-taxi deployments, creating an immediate revenue pathway and real-world operating data. Joby And Uber Test Commercial Electric Air Taxis In Exclusive Dubai Launch
• Positive Sentiment: Uber announced broader moves into air taxis and autonomy; Uber Air in Dubai will be bookable via the Uber app, expanding Joby’s customer reach and distribution channel. Uber Expands Into Air Taxis And Autonomy To Broaden Mobility Platform
• Positive Sentiment: ARK Invest (Cathie Wood) increased allocations to air-taxi names, including multi-million dollar buys in Joby, signaling conviction from a high-profile growth-focused investor which can attract momentum flows. Cathie Wood Doubles Down on Air-Taxi Stocks with Multi-Million Dollar Purchases
• Positive Sentiment: Operational support: Uber’s platform and Dubai authorities backing (RTA exclusivity) will help Joby scale initial operations and marketing for the launch. Uber platform to support Joby Dubai air-taxi operations
• Positive Sentiment: Analyst/media take: some outlets (The Motley Fool) see the Uber tie-up as a credible near-term revenue driver that could validate the business model if operations prove reliable. Are Uber and Joby Aviation Stocks About to Take Off Based on Their Recent Announcement?
• Neutral Sentiment: Comparative coverage (Joby vs. Archer) outlines differing technical, regulatory and commercial timelines; useful context but not an immediate price driver. Joby Aviation (JOBY) vs Archer Aviation (ACHR): Which eVTOL Stock Should You Buy in 2025?
• Neutral Sentiment: Market commentary flags FAA certification timing and the long road to unit economics; these are reminders that regulatory clearance and scaling remain execution risks. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Negative Sentiment: JPMorgan included JOBY on a short-idea list, signaling some institutional skepticism; that can amplify downside pressure and volatility if shorts increase. JPMorgan’s Top Short Ideas, 5 Weeks Later: Were They Right?

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JOBY. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Needham & Company LLC decreased their price objective on Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Oppenheimer set a $18.00 target price on Joby Aviation in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Joby Aviation currently has an average rating of “Reduce” and a consensus target price of $13.81.

Joby Aviation Trading Down 2.9%

The firm’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $14.18. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of -8.42 and a beta of 2.59.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) 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 the consensus estimate of $16.88 million. The company’s revenue for the quarter was up 5506.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.34) EPS. As a group, equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insiders Place Their Bets

In related news, insider Bonny W. Simi sold 110,173 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $13.85, for a total value of $1,525,896.05. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joeben Bevirt sold 507,182 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84. Following the sale, the chief executive officer directly owned 31,997,802 shares of the company’s stock, valued at $339,816,657.24. This represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,470,074 shares of company stock valued at $16,083,913. 28.50% of the stock is owned by insiders.

Institutional Trading of Joby Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after acquiring an additional 1,348 shares during the period. Asset Planning Inc grew its position in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after purchasing an additional 1,880 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Joby Aviation during the fourth quarter worth approximately $28,000. Finally, Canton Hathaway LLC acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $29,000. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

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.