Cantor Fitzgerald Comments on Joby Aviation FY2025 Earnings

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

JOBY has been the subject of several other reports. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Needham & Company LLC boosted their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Joby Aviation Trading Up 1.0 %

Joby Aviation stock opened at $8.75 on Thursday. The stock has a 50 day moving average of $8.14 and a 200-day moving average of $6.41. 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 52 week low of $4.50 and a 52 week high of $10.72.

Joby Aviation (NYSE:JOBY) last released 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). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The business had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. During the same quarter last year, the firm posted ($0.13) EPS.

Institutional Trading of Joby Aviation

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Joby Aviation by 218.3% during the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the period. Salem Investment Counselors Inc. grew its position in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after buying an additional 5,000 shares in the last quarter. Empowered Funds LLC acquired a new position in Joby Aviation during the 3rd quarter valued at about $51,000. Sound Income Strategies LLC raised its position in shares of Joby Aviation by 3,311.3% during the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after buying an additional 10,000 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after acquiring an additional 9,188 shares during the period. Institutional investors own 52.85% of the company’s stock.

Insider Activity

In other Joby Aviation news, insider Gregory Bowles sold 7,748 shares of the company’s 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 owns 29,235 shares in the company, valued at approximately $236,218.80. This represents a 20.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Didier Papadopoulos sold 7,692 shares of Joby Aviation stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $76,920.00. Following the sale, the insider now directly owns 50,902 shares in the company, valued at approximately $509,020. This trade represents a 13.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,338 shares of company stock valued at $5,864,050. 32.40% of the stock is currently owned by insiders.

About Joby Aviation

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.