Aurora Innovation (NASDAQ:AUR) Sets New 12-Month Low – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.82 and last traded at $4.8650, with a volume of 2213383 shares trading hands. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AUR. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, TD Cowen lowered their price target on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.44.

Aurora Innovation Stock Down 9.1%

The stock has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $5.90. The company has a market cap of $8.47 billion, a P/E ratio of -10.19 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same quarter in the previous year, the business earned ($0.13) EPS. Equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the transaction, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 11.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently modified their holdings of AUR. Signaturefd LLC increased its stake in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after purchasing an additional 3,527 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after purchasing an additional 6,264 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Aurora Innovation in the 3rd quarter valued at $44,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

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.