Joby Aviation (NYSE:JOBY) Shares Gap Up Following Strong Earnings

Joby Aviation, Inc. (NYSE:JOBY)’s share price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $9.82, but opened at $10.61. Joby Aviation shares last traded at $10.6670, with a volume of 12,364,536 shares traded.

The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. During the same quarter in the prior year, the business posted ($0.34) earnings per share. The firm’s revenue was up 5506.5% compared to the same quarter last year.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Q4 beat: Joby reported ($0.14) EPS vs. consensus ($0.20) and revenue of $30.84M (well above estimates), showing sharply reduced losses and accelerating top‑line traction — a key near‑term catalyst for bullish positioning. Earnings Release
• Positive Sentiment: Certification/commercial timing: Joby reiterated progress toward FAA certification and is targeting first passenger flights in 2026 — news that supports the revenue pathway investors are valuing. Joby targets first passenger flights in 2026
• Positive Sentiment: Commercial traction: Joby launched Uber air‑taxi bookings, boosting the commercialization narrative and investor interest in near‑term demand for its service. Uber booking launch
• Positive Sentiment: Funding/liquidity: Coverage notes Joby strengthened its balance sheet (including recent fundraising activity reported alongside results), easing short‑term cash‑runway concerns that had been a major downside risk. Earnings highlights & funding
• Positive Sentiment: Institutional/insider flows: Reports show notable investor interest (including a reported position by Dmitry Balyasny), which can support rallies when operational news is positive. Legendary investor Dmitry Balyasny loads up
• Neutral Sentiment: Options activity: Unusual volume in call options (≈40,845 calls) shows short‑term speculative or hedged bullish interest but is ambiguous for direction. (No article link provided)
• Negative Sentiment: Analyst downgrade/price‑target cut: JPMorgan lowered its price target to $7 and assigned an “underweight” rating, adding fresh downside pressure and giving traders a reason to sell into rallies. JPMorgan underweight note
• Negative Sentiment: Insider selling: Recent small but repeated insider sales by an executive may weigh on sentiment despite being modest in size. SEC Form 4 — Gregory Bowles
• Negative Sentiment: Valuation/technical risk: Multiple analysts highlight rich valuation versus execution risk; JOBY sits below its 50‑ and 200‑day moving averages, increasing downside vulnerability if the company fails to deliver clear certification/production milestones. Analyst/sector coverage

Analysts Set New Price Targets

Several research firms recently commented on JOBY. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price target on the stock. HC Wainwright upgraded Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, Oppenheimer set a $18.00 target price on Joby Aviation in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $13.81.

Insider Buying and Selling

In other Joby Aviation news, CEO Joeben Bevirt sold 63,636 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $9.91, for a total transaction of $630,632.76. Following the completion of the sale, the chief executive officer directly owned 246,006 shares in the company, valued at approximately $2,437,919.46. The trade was a 20.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory Bowles sold 11,530 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $9.62, for a total value of $110,918.60. Following the completion of the transaction, the insider owned 170,360 shares in the company, valued at approximately $1,638,863.20. This trade represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,470,074 shares of company stock worth $16,083,913 in the last quarter. 28.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. CWM LLC raised its position in shares of Joby Aviation by 8.1% in the second quarter. CWM LLC now owns 9,156 shares of the company’s stock valued at $97,000 after buying an additional 689 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in Joby Aviation by 22.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock valued at $61,000 after acquiring an additional 697 shares in the last quarter. Asset Planning Inc raised its holdings in Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. GoalVest Advisory LLC lifted its stake in Joby Aviation by 2.1% in the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after purchasing an additional 700 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Joby Aviation by 4.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after purchasing an additional 736 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Stock Up 4.2%

The business has a 50-day moving average price of $12.68 and a 200-day moving average price of $14.40. The firm has a market capitalization of $9.33 billion, a PE ratio of -8.97 and a beta of 2.57.

Joby Aviation Company Profile

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.