Cantor Fitzgerald Comments on Joby Aviation FY2025 Earnings

Joby Aviation, Inc. (NYSE:JOBY) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Joby Aviation in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($0.85) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The firm had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. During the same quarter in the prior year, the company earned ($0.13) earnings per share.

A number of other equities research analysts have also issued reports on JOBY. HC Wainwright reiterated a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Wednesday, December 18th. Needham & Company LLC raised their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Canaccord Genuity Group raised their price objective on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $5.00 to $6.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Joby Aviation Stock Performance

JOBY stock opened at $8.77 on Thursday. Joby Aviation has a 1 year low of $4.50 and a 1 year high of $10.72. The firm has a market cap of $6.71 billion, a P/E ratio of -12.52 and a beta of 2.33. The stock has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $6.39.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently modified their holdings of JOBY. Salem Investment Counselors Inc. grew its holdings in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after acquiring an additional 5,000 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after buying an additional 5,000 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Joby Aviation in the third quarter worth about $51,000. Sound Income Strategies LLC lifted its position in shares of Joby Aviation by 3,311.3% in the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after buying an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Joby Aviation by 403.0% in the third quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after buying an additional 9,188 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.84, for a total value of $2,460,000.00. Following the sale, the chief executive officer now directly owns 32,325,793 shares in the company, valued at $318,085,803.12. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Didier Papadopoulos sold 7,692 shares of Joby Aviation stock in a transaction on Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $76,920.00. Following the transaction, the insider now owns 50,902 shares in the company, valued at approximately $509,020. This trade represents a 13.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 672,338 shares of company stock valued at $5,864,050 in the last quarter. Insiders own 32.40% of the company’s stock.

Joby Aviation Company Profile

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.