Wolfe Research Begins Coverage on Aurora Innovation (NASDAQ:AUR)

Analysts at Wolfe Research assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “peer perform” rating on the stock.

A number of other research firms have also issued reports on AUR. Evercore ISI increased their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen raised their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $4.63.

Aurora Innovation Stock Up 7.3 %

Aurora Innovation stock opened at $6.49 on Tuesday. Aurora Innovation has a 52-week low of $2.06 and a 52-week high of $7.01. The firm has a market cap of $11.15 billion, a PE ratio of -13.24 and a beta of 2.82. The company’s 50 day moving average is $5.80 and its two-hundred day moving average is $4.24.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares in the company, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 in the last ninety days. 13.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in Aurora Innovation in the third quarter valued at approximately $72,000. Virtu Financial LLC purchased a new stake in shares of Aurora Innovation during the third quarter worth about $337,000. Geode Capital Management LLC boosted its holdings in Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. Abel Hall LLC acquired a new stake in Aurora Innovation during the 3rd quarter valued at approximately $88,000. Finally, Barclays PLC increased its holdings in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after purchasing an additional 1,388,307 shares during the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.