According to Zacks, “Joby Aviation Inc. is involved in developing all-electric aircraft for aerial ridesharing. Joby Aviation Inc., formerly known as Reinvent Technology Partners, is based in SANTA CRUZ, Calif. “
A number of other research firms also recently commented on JOBY. Deutsche Bank Aktiengesellschaft began coverage on Joby Aviation in a report on Monday, April 11th. They issued a hold rating and a $8.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Joby Aviation in a report on Thursday, April 28th. They issued a neutral rating and a $7.00 price objective on the stock. Finally, Cantor Fitzgerald began coverage on Joby Aviation in a report on Tuesday, April 5th. They issued an overweight rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Joby Aviation presently has a consensus rating of Hold and an average target price of $9.40.
Joby Aviation (NYSE:JOBY – Get Rating) last issued its earnings results on Thursday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). On average, sell-side analysts expect that Joby Aviation will post -0.54 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. UBS Group AG bought a new stake in Joby Aviation during the third quarter worth approximately $29,000. Minot Wealth Management LLC bought a new stake in shares of Joby Aviation in the first quarter valued at approximately $66,000. Prelude Capital Management LLC bought a new stake in shares of Joby Aviation in the first quarter valued at approximately $69,000. Traverso Chambers Private Wealth Management LLC bought a new stake in shares of Joby Aviation in the first quarter valued at approximately $73,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $75,000. 25.83% of the stock is owned by hedge funds and other institutional investors.
Joby Aviation Company Profile (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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