10,925 Shares in Joby Aviation, Inc. $JOBY Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC acquired a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 10,925 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Joby Aviation by 773.9% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $34,000 after purchasing an additional 5,015 shares during the period. Strs Ohio purchased a new position in Joby Aviation during the 1st quarter worth $37,000. Ameritas Advisory Services LLC purchased a new position in Joby Aviation during the 2nd quarter worth $39,000. Hollencrest Capital Management purchased a new position in Joby Aviation during the 1st quarter worth $43,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Joby Aviation during the 1st quarter worth $60,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Kate Dehoff sold 52,907 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $15.76, for a total transaction of $833,814.32. Following the transaction, the insider directly owned 149,369 shares in the company, valued at $2,354,055.44. The trade was a 26.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Allison sold 27,537 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $16.84, for a total value of $463,723.08. Following the transaction, the insider owned 692,428 shares in the company, valued at approximately $11,660,487.52. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,830,880 shares of company stock worth $28,060,985 over the last quarter. Company insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

Shares of JOBY stock opened at $16.15 on Monday. Joby Aviation, Inc. has a 1-year low of $4.80 and a 1-year high of $20.95. The stock’s fifty day moving average price is $15.50 and its 200 day moving average price is $12.16. The company has a market cap of $13.83 billion, a price-to-earnings ratio of -15.10 and a beta of 2.52.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The company had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.05 million. During the same quarter last year, the business posted ($0.18) EPS. Joby Aviation’s revenue was down 94.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. HC Wainwright downgraded Joby Aviation from a “buy” rating to a “neutral” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on Joby Aviation from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Saturday. Canaccord Genuity Group downgraded Joby Aviation from a “buy” rating to a “hold” rating and lifted their price target for the company from $12.00 to $17.00 in a report on Thursday, August 7th. Finally, Morgan Stanley lifted their price target on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $11.83.

Joby Aviation 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.