Integris Wealth Management LLC Purchases Shares of 10,535 Joby Aviation, Inc. (NYSE:JOBY)

Integris Wealth Management LLC purchased a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,535 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds have also recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in Joby Aviation by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock worth $269,000 after acquiring an additional 3,942 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Joby Aviation by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock worth $730,000 after purchasing an additional 4,445 shares during the period. Cetera Advisors LLC boosted its position in Joby Aviation by 32.9% in the first quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after buying an additional 5,025 shares during the last quarter. New York State Common Retirement Fund boosted its position in Joby Aviation by 8.1% in the fourth quarter. New York State Common Retirement Fund now owns 114,331 shares of the company’s stock valued at $760,000 after buying an additional 8,595 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Joby Aviation by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company’s stock worth $1,037,000 after buying an additional 10,234 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

Joby Aviation Stock Performance

Shares of JOBY traded down $0.06 during mid-day trading on Friday, hitting $5.15. 4,321,783 shares of the company were exchanged, compared to its average volume of 7,001,832. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -6.78 and a beta of 2.00. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $7.69. The company has a 50 day moving average of $5.50 and a 200-day moving average of $5.33.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.28 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Transactions at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 23,188 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.86, for a total value of $112,693.68. Following the completion of the sale, the insider now directly owns 54,666 shares in the company, valued at approximately $265,676.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Matthew Field sold 5,642 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $5.19, for a total value of $29,281.98. Following the transaction, the insider now directly owns 294,238 shares in the company, valued at $1,527,095.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Didier Papadopoulos sold 23,188 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $4.86, for a total value of $112,693.68. Following the completion of the transaction, the insider now owns 54,666 shares of the company’s stock, valued at $265,676.76. The disclosure for this sale can be found here. Insiders have sold a total of 343,395 shares of company stock worth $1,699,082 in the last ninety days. Insiders own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JOBY shares. JPMorgan Chase & Co. increased their price target on Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group lowered their target price on Joby Aviation from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Thursday, August 8th.

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.