Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Recommendation of “Hold” from Brokerages

Aurora Innovation, Inc. (NASDAQ:AUR) has received a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.0625.

AUR has been the subject of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $15.00 price objective on shares of Aurora Innovation in a research note on Wednesday, October 29th. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. TD Cowen dropped their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th.

Insider Activity

In related news, CEO Christopher Urmson acquired 258,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the completion of the acquisition, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at $1,001,040. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 11.85% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. Liontrust Investment Partners LLP bought a new position in Aurora Innovation during the 3rd quarter valued at $3,731,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Aurora Innovation in the third quarter valued at $298,000. Danske Bank A S bought a new position in Aurora Innovation during the third quarter valued at about $36,000. Jasper Ridge Partners L.P. boosted its stake in Aurora Innovation by 8.7% during the third quarter. Jasper Ridge Partners L.P. now owns 2,020,513 shares of the company’s stock valued at $10,891,000 after buying an additional 162,337 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Aurora Innovation during the third quarter worth about $55,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 3.8%

Shares of NASDAQ:AUR opened at $4.21 on Tuesday. The company has a market cap of $8.14 billion, a PE ratio of -9.34 and a beta of 2.44. Aurora Innovation has a fifty-two week low of $3.60 and a fifty-two week high of $10.77. The firm has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $5.51.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.23 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. As a group, research analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.