Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 7,000 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBYGet Rating) insider Matthew Field sold 7,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $5.50, for a total value of $38,500.00. Following the transaction, the insider now owns 97,738 shares of the company’s stock, valued at $537,559. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Joby Aviation Stock Down 1.5 %

Joby Aviation stock opened at $5.27 on Thursday. The business has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $5.41. The company has a market cap of $3.20 billion, a P/E ratio of -13.51 and a beta of 1.53. Joby Aviation, Inc. has a 52-week low of $3.61 and a 52-week high of $11.10.

Joby Aviation (NYSE:JOBYGet Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Research analysts anticipate that Joby Aviation, Inc. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently made changes to their positions in JOBY. AdvisorShares Investments LLC purchased a new position in shares of Joby Aviation during the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC purchased a new position in shares of Joby Aviation during the 2nd quarter valued at about $43,000. Minot Wealth Management LLC purchased a new position in shares of Joby Aviation during the 1st quarter valued at about $66,000. Wade G W & Inc. purchased a new position in shares of Joby Aviation during the 2nd quarter valued at about $51,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Joby Aviation during the 1st quarter valued at about $69,000. 29.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JOBY shares. Deutsche Bank Aktiengesellschaft reduced their price target on Joby Aviation from $8.00 to $7.00 in a report on Tuesday, August 16th. Raymond James assumed coverage on Joby Aviation in a report on Wednesday, July 27th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.20.

About Joby Aviation

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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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

Further Reading

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