Joby Aviation (NYSE:JOBY) Announces Quarterly Results

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Joby Aviation (NYSE:JOBY – Get Rating) released its quarterly earnings data on Thursday. The company reported earnings per share of $0.01 for the quarter, beating Thomson Reuters consensus estimate of ($0.15) by $0.16, MarketWatch Earnings reports.

NYSE JOBY shares opened at $5.98 on Friday. Joby Aviation has a one-year minimum of $3.61 and a one-year maximum of $14.33. The company’s fifty-day moving average price is $4.80 and its 200-day moving average price is $7.05.

Several research analysts have weighed in on the company. Barclays assumed cover for Joby Aviation in a research report on Tuesday January 18. They issued an “equal weight” rating and a $6.00 price target on the stock. Zacks Investment Research upgraded Joby Aviation from a “sell” rating to a “hold” rating in a Wednesday, January 12 research report.

Several hedge funds and other institutional investors have recently changed their holdings in the company. State Street Corp increased its position in Joby Aviation shares by 337.6% during the 4th quarter. State Street Corp now owns 3,611,012 shares of the company valued at $26,360,000 after purchasing an additional 2,785,874 shares in the last quarter. Geode Capital Management LLC increased its position in Joby Aviation shares by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 2,222,291 shares of the company valued at $16,222,000 after purchasing an additional 70,747 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Joby Aviation shares by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,301,202 shares of the company valued at $9,499,000 after purchasing an additional 25,075 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Joby Aviation shares by 1,343.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 284,943 shares of the company valued at $2,080,000 after purchasing an additional 265,197 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Joby Aviation during the 4th quarter for a value of $1,659,000. 18.13% of the shares are currently held by hedge funds and other institutional investors.

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Joby Aviation Company Profile (Get a rating)

Reinvent Technology Partners has entered into a definitive business combination agreement with Joby Aviation.

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