Joby Aviation (NYSE:JOBY) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Joby Aviation (NYSE:JOBY) from a strong sell rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

JOBY has been the subject of a number of other reports. Needham & Company LLC decreased their price objective on shares of Joby Aviation from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday. Canaccord Genuity Group raised Joby Aviation from a “hold” rating to a “buy” rating and dropped their target price for the stock from $11.50 to $7.00 in a research report on Thursday. Morgan Stanley cut their price target on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Barclays began coverage on Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $11.33.

Joby Aviation Price Performance

JOBY opened at $5.93 on Friday. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40. The company has a market cap of $5.87 billion, a P/E ratio of -8.13 and a beta of 2.84. The company has a 50 day moving average of $5.73 and a two-hundred day moving average of $8.44. Joby Aviation has a 52-week low of $4.43 and a 52-week high of $17.10.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Joby Aviation had a negative net margin of 462.85% and a negative return on equity of 48.49%. The firm had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. During the same period in the prior year, the company earned ($0.48) EPS. The firm’s revenue was up 143.8% on a year-over-year basis. On average, analysts expect that Joby Aviation will post -0.97 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gregory Bowles sold 5,302 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $5.78, for a total transaction of $30,645.56. Following the transaction, the insider owned 193,704 shares of the company’s stock, valued at approximately $1,119,609.12. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 27,593 shares of Joby Aviation stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total value of $140,448.37. Following the completion of the transaction, the insider owned 745,120 shares of the company’s stock, valued at $3,792,660.80. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,017,628 shares of company stock worth $6,340,090. 20.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in JOBY. Renaissance Technologies LLC increased its stake in Joby Aviation by 194.5% during the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after purchasing an additional 2,645,200 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Joby Aviation by 48.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company’s stock valued at $22,133,000 after acquiring an additional 870,244 shares during the period. Amova Asset Management Americas Inc. increased its position in Joby Aviation by 48.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 2,678,495 shares of the company’s stock valued at $22,124,000 after acquiring an additional 870,244 shares during the period. Bank of New York Mellon Corp raised its stake in Joby Aviation by 27.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company’s stock valued at $19,059,000 after acquiring an additional 462,585 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Joby Aviation by 3.5% during the 2nd quarter. HighTower Advisors LLC now owns 920,410 shares of the company’s stock valued at $8,210,000 after acquiring an additional 30,928 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby’s Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

Joby Aviation Company Profile

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.