Joby Aviation (NYSE:JOBY) Trading Up 4.2% After Strong Earnings

Joby Aviation, Inc. (NYSE:JOBY) was up 4.2% on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $10.96 and last traded at $10.23. Approximately 42,553,620 shares traded hands during trading, an increase of 43% from the average daily volume of 29,730,621 shares. The stock had previously closed at $9.82.

The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. The firm’s quarterly revenue was up 5506.5% on a year-over-year basis. During the same period last year, the firm earned ($0.34) earnings per share.

Trending Headlines about Joby Aviation

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

Analyst Upgrades and Downgrades

JOBY has been the topic of several recent analyst reports. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Needham & Company LLC cut their price target on shares of Joby Aviation to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $13.81.

Insider Activity

In other Joby Aviation news, insider Didier Papadopoulos sold 6,366 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $9.74, for a total transaction of $62,004.84. Following the transaction, the insider directly owned 128,548 shares of the company’s stock, valued at approximately $1,252,057.52. This trade represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric Allison sold 9,815 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $96,972.20. Following the completion of the sale, the insider directly owned 713,268 shares of the company’s stock, valued at $7,047,087.84. The trade was a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,470,074 shares of company stock worth $16,083,913 over the last 90 days. 28.50% of the stock is owned by corporate insiders.

Institutional Trading of Joby Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Joby Aviation by 110.5% during the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after purchasing an additional 44,659 shares during the last quarter. AQR Capital Management LLC acquired a new position in Joby Aviation in the 1st quarter valued at $273,000. Strs Ohio purchased a new position in Joby Aviation during the 1st quarter worth $37,000. CWM LLC lifted its stake in shares of Joby Aviation by 8.1% in the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after acquiring an additional 689 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Joby Aviation by 225.8% in the 2nd quarter. AlphaQuest LLC now owns 5,444 shares of the company’s stock worth $57,000 after acquiring an additional 3,773 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Stock Up 4.2%

The company’s fifty day moving average price is $12.68 and its two-hundred day moving average price is $14.40. The firm has a market cap 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.