GoalVest Advisory LLC Buys 1,000 Shares of Joby Aviation, Inc. $JOBY

GoalVest Advisory LLC lifted its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 5.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,500 shares of the company’s stock after acquiring an additional 1,000 shares during the period. GoalVest Advisory LLC’s holdings in Joby Aviation were worth $216,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Solstein Capital LLC bought a new stake in shares of Joby Aviation during the 2nd quarter worth about $47,000. Envestnet Asset Management Inc. boosted its stake in shares of Joby Aviation by 26.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 42,169 shares of the company’s stock worth $445,000 after acquiring an additional 8,741 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Joby Aviation by 1.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 76,179 shares of the company’s stock worth $804,000 after acquiring an additional 864 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Joby Aviation during the 2nd quarter valued at approximately $135,000. Finally, AlphaQuest LLC boosted its stake in Joby Aviation by 225.8% during the 2nd quarter. AlphaQuest LLC now owns 5,444 shares of the company’s stock valued at $57,000 after purchasing an additional 3,773 shares during the period. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Trading Up 3.1%

Shares of NYSE:JOBY opened at $16.15 on Monday. Joby Aviation, Inc. has a 1-year low of $4.80 and a 1-year high of $20.95. The firm has a market capitalization of $13.83 billion, a PE ratio of -15.10 and a beta of 2.52. The business’s 50 day moving average is $15.50 and its 200-day moving average is $12.16.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data 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). The firm had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.05 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was down 94.6% compared to the same quarter last year. On average, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Activity at Joby Aviation

In other news, insider Kate Dehoff sold 20,824 shares of Joby Aviation stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $17.48, for a total transaction of $364,003.52. Following the sale, the insider owned 149,369 shares of the company’s stock, valued at approximately $2,610,970.12. This trade represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Didier Papadopoulos sold 5,102 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $18.08, for a total value of $92,244.16. Following the completion of the sale, the insider owned 98,104 shares in the company, valued at $1,773,720.32. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,830,880 shares of company stock worth $28,060,985 in the last three months. Company insiders own 32.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Saturday. Morgan Stanley upped their price target on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their price target on Joby Aviation from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. HC Wainwright lowered Joby Aviation from a “buy” rating to a “neutral” rating in a report on Thursday, August 7th. Finally, Zacks Research lowered Joby Aviation from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.83.

Joby Aviation 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.