Analysts Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $4.63

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.70.

A number of research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday. They issued an “overweight” rating and a $10.00 price target on the stock. Finally, TD Cowen increased their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st.

Aurora Innovation Stock Performance

Shares of AUR opened at $7.36 on Tuesday. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $8.05. The business has a 50-day moving average of $6.11 and a 200 day moving average of $4.56. The firm has a market cap of $12.65 billion, a P/E ratio of -15.02 and a beta of 2.86.

Insiders Place Their Bets

In related news, Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the transaction, the director now owns 382,425 shares in the company, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Souders Financial Advisors bought a new position in shares of Aurora Innovation in the third quarter worth approximately $59,000. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation in the 3rd quarter valued at approximately $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation during the 3rd quarter valued at $63,000. Sigma Planning Corp bought a new stake in shares of Aurora Innovation in the 3rd quarter worth $63,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Aurora Innovation in the second quarter worth $30,000. Hedge funds and other 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.