GoalVest Advisory LLC Acquires Shares of 18,000 Joby Aviation, Inc. (NYSE:JOBY)

GoalVest Advisory LLC bought a new position in Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, Holdings Channel reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds also recently added to or reduced their stakes in JOBY. Larson Financial Group LLC lifted its stake in 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 purchasing an additional 5,000 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Joby Aviation by 5,000.0% during 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. Empowered Funds LLC purchased a new position in Joby Aviation during the 3rd quarter valued at $51,000. Sound Income Strategies LLC grew its position in Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock valued at $52,000 after acquiring an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in 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 purchasing an additional 9,188 shares during the period. 52.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on JOBY shares. HC Wainwright restated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a report on Wednesday, December 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 30th. Canaccord Genuity Group lifted their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC raised their price objective on Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut Joby Aviation from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $5.00 to $6.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Joby Aviation Price Performance

Shares of JOBY stock opened at $8.77 on Thursday. The company’s 50 day moving average is $8.03 and its 200 day moving average is $6.38. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $10.72.

Joby Aviation (NYSE:JOBY) last released 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). The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period in the previous year, the firm posted ($0.13) earnings per share. Sell-side analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 32,325,793 shares in the company, valued at approximately $318,085,803.12. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Didier Papadopoulos sold 6,005 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the sale, the insider now owns 54,776 shares in the company, valued at $419,036.40. The trade was a 9.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,338 shares of company stock worth $5,864,050. 32.40% of the stock is owned by corporate insiders.

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.