Bailard Inc. Invests $1.25 Million in Joby Aviation, Inc. $JOBY

Bailard Inc. purchased a new position in Joby Aviation, Inc. (NYSE:JOBY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 77,395 shares of the company’s stock, valued at approximately $1,249,000.

Other institutional investors have also bought and sold shares of the company. Asset Planning Inc increased its position in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of Joby Aviation during the 3rd quarter worth $29,000. Hilltop National Bank purchased a new stake in Joby Aviation in the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Joby Aviation in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Gregory Bowles sold 5,383 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total value of $79,237.76. Following the sale, the insider owned 162,674 shares of the company’s stock, valued at $2,394,561.28. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Didier Papadopoulos sold 6,429 shares of Joby Aviation stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $15.84, for a total value of $101,835.36. Following the sale, the insider owned 113,718 shares of the company’s stock, valued at approximately $1,801,293.12. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 289,556 shares of company stock valued at $4,052,822 in the last ninety days. 28.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JOBY has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Finally, Morgan Stanley increased their target price on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $13.43.

Joby Aviation Trading Up 1.3%

Shares of NYSE:JOBY opened at $14.49 on Friday. The company has a 50 day moving average of $14.47 and a 200 day moving average of $15.33. The stock has a market cap of $13.21 billion, a P/E ratio of -10.81 and a beta of 2.56. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The business had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $0.02 million. Joby Aviation’s revenue for the quarter was up 7962.1% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

About Joby Aviation

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.