Sound Income Strategies LLC Buys 11,471 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Sound Income Strategies LLC grew its stake in Joby Aviation, Inc. (NYSE:JOBY) by 111.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,773 shares of the company’s stock after purchasing an additional 11,471 shares during the quarter. Sound Income Strategies LLC’s holdings in Joby Aviation were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in Joby Aviation by 218.3% during the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Joby Aviation by 5,000.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares during the period. Empowered Funds LLC acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $51,000. International Assets Investment Management LLC grew its holdings in Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after buying an additional 9,188 shares in the last quarter. Finally, Amalgamated Bank increased its position in Joby Aviation by 46.2% during the 2nd quarter. Amalgamated Bank now owns 13,905 shares of the company’s stock worth $71,000 after buying an additional 4,391 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Stock Performance

Shares of JOBY opened at $8.75 on Friday. The firm has a 50 day simple moving average of $8.14 and a two-hundred day simple moving average of $6.41. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.06 million. During the same quarter in the prior year, the company earned ($0.13) earnings per share. On average, analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Insider Activity at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,005 shares of Joby Aviation stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25. Following the sale, the insider now directly owns 54,776 shares of the company’s stock, valued at approximately $419,036.40. This trade represents a 9.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bonny W. Simi sold 31,489 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.33, for a total value of $262,303.37. Following the completion of the transaction, the insider now directly owns 137,097 shares of the company’s stock, valued at $1,142,018.01. This represents a 18.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 672,338 shares of company stock valued at $5,864,050. 32.40% of the stock is owned by insiders.

Analyst Ratings Changes

JOBY has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $5.00 to $6.00 in a research report on Friday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. Canaccord Genuity Group boosted their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Finally, Needham & Company LLC upped their target price on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Joby Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

About Joby Aviation

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.