Joby Aviation (NYSE:JOBY) Shares Up 4.2% Following Better-Than-Expected Earnings

Joby Aviation, Inc. (NYSE:JOBY)’s stock price was up 4.2% 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 changed hands 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 for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analyst estimates of $16.88 million. During the same quarter in the previous year, the business posted ($0.34) EPS. Joby Aviation’s revenue was up 5506.5% compared to the same quarter last year.

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

Several brokerages have recently weighed in on JOBY. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research report on Thursday. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. Finally, Needham & Company LLC decreased their target price on Joby Aviation to $18.00 and set a “buy” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Joby Aviation currently has an average rating of “Reduce” and a consensus target price of $13.94.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JOBY. Fifth Third Bancorp raised its position in shares of Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after purchasing an additional 1,348 shares during the period. Asset Planning Inc boosted its holdings 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 worth $27,000 after buying an additional 700 shares during the period. EverSource Wealth Advisors LLC grew its position in Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Canton Hathaway LLC purchased a new stake in shares of Joby Aviation in the third quarter valued at $29,000. Finally, Strategic Advocates LLC purchased a new position in shares of Joby Aviation during the third quarter valued at $29,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Stock Up 4.2%

The firm has a market capitalization of $9.33 billion, a PE ratio of -7.63 and a beta of 2.57. The business’s 50-day moving average price is $12.75 and its 200-day moving average price is $14.43.

About Joby Aviation

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.