FY2025 EPS Estimates for Joby Aviation Cut by HC Wainwright

Joby Aviation, Inc. (NYSE:JOBY) – Analysts at HC Wainwright decreased their FY2025 earnings per share estimates for Joby Aviation in a report issued on Thursday, August 7th. HC Wainwright analyst A. Dayal now forecasts that the company will earn ($0.78) per share for the year, down from their previous forecast of ($0.73). HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Joby Aviation’s FY2026 earnings at ($0.73) EPS, FY2027 earnings at ($0.73) EPS, FY2028 earnings at ($0.59) EPS and FY2029 earnings at ($0.45) EPS.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 71.29%. The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.05 million. During the same period in the previous year, the company posted ($0.18) EPS. The company’s quarterly revenue was down 94.6% compared to the same quarter last year.

JOBY has been the topic of several other research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Monday, June 23rd. Wall Street Zen lowered Joby Aviation from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their target price on Joby Aviation from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group lowered Joby Aviation from a “buy” rating to a “hold” rating and increased their target price for the company from $12.00 to $17.00 in a research note on Thursday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.50.

Joby Aviation Trading Up 2.3%

NYSE:JOBY opened at $17.02 on Monday. Joby Aviation has a 1-year low of $4.70 and a 1-year high of $20.95. The business’s 50-day moving average price is $12.70 and its two-hundred day moving average price is $8.85. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of -15.91 and a beta of 2.52.

Insider Buying and Selling

In related news, Director Paul Cahill Sciarra sold 500,001 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $12.38, for a total transaction of $6,190,012.38. Following the completion of the transaction, the director directly owned 57,328,059 shares in the company, valued at approximately $709,721,370.42. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bonny W. Simi sold 173,456 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $17.25, for a total value of $2,992,116.00. Following the transaction, the insider owned 211,397 shares of the company’s stock, valued at approximately $3,646,598.25. The trade was a 45.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,038,210 shares of company stock valued at $22,228,265. 32.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its stake in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock valued at $33,000 after purchasing an additional 750 shares in the last quarter. GAMMA Investing LLC grew its stake in Joby Aviation by 773.9% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock valued at $34,000 after purchasing an additional 5,015 shares in the last quarter. Strs Ohio bought a new position in Joby Aviation in the first quarter valued at approximately $37,000. Ameritas Advisory Services LLC bought a new position in Joby Aviation in the second quarter valued at approximately $39,000. Finally, Toronto Dominion Bank bought a new position in Joby Aviation in the fourth quarter valued at approximately $41,000. 52.85% of the stock is currently owned by institutional investors.

About Joby Aviation

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. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.