Joby Aviation, Inc. (NYSE:JOBY) Given Consensus Rating of “Hold” by Brokerages

Joby Aviation, Inc. (NYSE:JOBY – Get Rating) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.40.

Several research firms recently issued reports on JOBY. Zacks Investment Research raised shares of Joby Aviation from a “sell” rating to a “hold” rating in a research note on Wednesday, January 12th. Barclays assumed coverage on shares of Joby Aviation in a research report on Tuesday, January 18th. They set an “equal weight” rating and a $6.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Joby Aviation in a research report on Tuesday, April 5th. They set an “overweight” rating and a $10.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Joby Aviation in a research report on Monday, April 11th. They set a “hold” rating and a $8.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Joby Aviation in a research report on Thursday. They set a “neutral” rating and a $7.00 target price for the company.

JOBY stock opened at $5.16 on Thursday. Joby Aviation has a 1 year low of $3.61 and a 1 year high of $14.33. The company has a fifty day simple moving average of $5.29 and a 200 day simple moving average of $6.46.

Joby Aviation (NYSE:JOBY – Get Rating) last released its quarterly earnings data on Thursday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter. Equities analysts forecast that Joby Aviation will post -0.52 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. bought a new position in shares of Joby Aviation during the 3rd quarter worth about $18,503,000. Slate Path Capital LP bought a new position in shares of Joby Aviation during the 3rd quarter worth about $35,210,000. Allen Operations LLC bought a new stake in Joby Aviation in the third quarter valued at about $15,672,000. Penserra Capital Management LLC bought a new stake in Joby Aviation in the third quarter valued at about $192,000. Finally, Tudor Investment Corp Et Al bought a new stake in Joby Aviation in the third quarter valued at about $572,000. Institutional investors own 18.13% of the company’s stock.

About Joby Aviation (Get Rating)

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.

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