Joby Aviation (NYSE:JOBY) Stock Price Up 4.2% After Earnings Beat

Joby Aviation, Inc. (NYSE:JOBY)’s share price rose 4.2% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $10.96 and last traded at $10.23. Approximately 42,553,620 shares were traded 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, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same quarter last year, the company earned ($0.34) earnings per share. Joby Aviation’s revenue for the quarter was up 5506.5% on a year-over-year basis.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Q4 beat — Joby reported Q4 revenue and EPS above Street estimates (revenue ramp driven by partnerships/service bookings) and highlighted improved liquidity and narrower losses, which investors view as validation of execution momentum. Q4 Earnings
• Positive Sentiment: Certification progress & timeline — Joby reiterated advancing FAA certification and is targeting first passenger flights in 2026, a key operational catalyst that would materially derisk the commercialization story. Certification Progress
• Positive Sentiment: Bullish flow signals — Unusual options activity: ~40,845 call contracts were bought (≈20% above average daily call volume), a near‑term technical/flow signal that can amplify upside into catalysts.
• Positive Sentiment: Investor and commercial validation — Reports indicate a notable institutional/hedge investor (Dmitry Balyasny) added exposure and Joby launched Uber air‑taxi bookings/partnerships, both boosting confidence in demand and market access. Investor Positioning Uber Partnership
• Positive Sentiment: Manufacturing progress — Local coverage notes Joby expanding Dayton‑area manufacturing and reducing losses as production scale efforts continue, supporting operational delivery capacity. Dayton Manufacturing
• Neutral Sentiment: Liquidity vs. burn — Coverage notes Joby posted strong headline liquidity (including recent capital raises referenced in the earnings release) but capital outflows remain elevated; runway looks improved but monitoring cash burn remains critical. Liquidity Update
• Neutral Sentiment: Elevated volatility expected — Analysts flagged that the stock could swing significantly around the earnings/certification narrative, increasing both short‑term upside and downside risk. Volatility Warning
• Neutral Sentiment: Sector legal/peer noise — Ongoing legal battles and liquidity stress among eVTOL peers (Archer vs. Vertical) can create sympathy flows that move Joby independently of its fundamentals. Sector Legal News
• Negative Sentiment: Insider selling — Recent sales by director Gregory Bowles (multiple small transactions totaling ~15k shares in late Feb) are a modest negative sentiment signal for short‑term holders. SEC Form 4
• Negative Sentiment: Execution & valuation risk — Commentary highlights a high burn rate (~$500M/yr cited in coverage) and a rich valuation vs. execution milestones; failures to hit certification/production targets would likely pressure the stock. Cash Burn Analysis
• Negative Sentiment: Technicals & analyst stance — Stock sits below key moving averages and consensus analyst ratings lean toward “Reduce” with mixed price targets, which can amplify downside on any disappointment.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JOBY. JPMorgan Chase & Co. raised their price target on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Oppenheimer set a $18.00 target price on Joby Aviation in a research report on Thursday. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, HC Wainwright upgraded shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday. Two equities research analysts have 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, the company presently has a consensus rating of “Reduce” and an average target price of $13.94.

Insider Transactions at Joby Aviation

In other news, CEO Joeben Bevirt sold 507,182 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the completion of the transaction, the chief executive officer directly owned 31,997,802 shares of the company’s stock, valued at $339,816,657.24. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kate Dehoff sold 28,260 shares of Joby Aviation stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total value of $415,987.20. Following the sale, the insider owned 149,369 shares of the company’s stock, valued at approximately $2,198,711.68. This represents a 15.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,470,074 shares of company stock worth $16,083,913. Corporate insiders own 28.50% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently modified their holdings of JOBY. Royal Bank of Canada lifted 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 valued at $512,000 after buying an additional 44,659 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at $273,000. Strs Ohio acquired a new position in Joby Aviation in the first quarter valued at $37,000. CWM LLC lifted its position in Joby Aviation by 8.1% during the second quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after buying an additional 689 shares during the period. Finally, AlphaQuest LLC boosted its stake in 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 buying an additional 3,773 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Stock Performance

The firm has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $14.43. The company has a market cap of $9.33 billion, a PE ratio of -7.63 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.