Aurora Innovation, Inc. (NASDAQ:AUR) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.22.

AUR has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Thursday, October 15th. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, September 24th. Morgan Stanley lifted their price target on Aurora Innovation from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, September 11th. Finally, Evercore reiterated an “outperform” rating on shares of Aurora Innovation in a research report on Tuesday, September 15th.

Insider Buying and Selling

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 6,390,753 shares of company stock valued at $44,826,378. 8.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Triad Wealth Partners LLC bought a new stake in shares of Aurora Innovation during the first quarter valued at about $43,000. Capula Management Ltd bought a new position in Aurora Innovation in the 1st quarter valued at about $43,000. Navigation Group LLC bought a new position in Aurora Innovation in the 1st quarter valued at about $48,000. Frank Rimerman Advisors LLC bought a new position in Aurora Innovation in the 1st quarter valued at about $50,000. Finally, Triad Investment Management acquired a new position in Aurora Innovation during the 1st quarter valued at about $51,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Down 3.0%

AUR stock opened at $4.86 on Friday. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.56. The stock’s fifty day moving average is $5.90 and its two-hundred day moving average is $6.15.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%. The firm had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.66 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The firm’s revenue was up 100.0% on a year-over-year basis. Equities analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current year.

Aurora Innovation Company Profile

Aurora Innovation, Inc develops autonomous driving technology for commercial trucks and passenger vehicles. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and vehicle-control software to enable vehicles to perceive their surroundings, plan routes, and operate with limited or no human intervention.

The company focuses initially on autonomous trucking and freight transportation, while also developing technology for passenger mobility applications.