IQ EQ FUND MANAGEMENT IRELAND Ltd Has $6.46 Million Holdings in Joby Aviation, Inc. $JOBY

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 62.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,334 shares of the company’s stock after buying an additional 153,429 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Joby Aviation were worth $6,461,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after purchasing an additional 1,880 shares in the last quarter. Asset Planning Inc lifted its stake in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after buying an additional 700 shares in the last quarter. Canton Hathaway LLC acquired a new position in shares of Joby Aviation during the third quarter valued at about $29,000. Hilltop National Bank bought a new stake in shares of Joby Aviation during the third quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Joby Aviation by 32.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after acquiring an additional 750 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Trading Down 9.0%

JOBY stock opened at $9.45 on Friday. The stock’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $15.19. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95. The stock has a market cap of $8.61 billion, a P/E ratio of -7.05 and a beta of 2.57.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. Joby Aviation’s revenue was up 7962.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) earnings per share. As a group, analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Joeben Bevirt sold 23,552 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $13.51, for a total value of $318,187.52. Following the transaction, the chief executive officer owned 288,814 shares in the company, valued at approximately $3,901,877.14. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory Bowles sold 5,383 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total value of $79,237.76. Following the completion of the sale, the insider directly owned 162,674 shares of the company’s stock, valued at $2,394,561.28. This represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,750 shares of company stock worth $4,138,695 in the last three months. Insiders own 28.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JOBY shares. JPMorgan Chase & Co. lifted 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. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday. Finally, Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.21.

Joby Aviation 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.