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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $6.50.

A number of brokerages have recently issued reports on AUR. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Aurora Innovation in a research note on Thursday, February 13th. Evercore ISI boosted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st.

Aurora Innovation Stock Down 10.6 %

Shares of AUR stock opened at $7.43 on Friday. The stock’s fifty day simple moving average is $7.29 and its 200 day simple moving average is $6.06. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77. The firm has a market capitalization of $12.92 billion, a P/E ratio of -15.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, equities research analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. CoreCap Advisors LLC lifted its holdings in shares of Aurora Innovation by 15.0% in the fourth quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock valued at $83,000 after purchasing an additional 1,717 shares in the last quarter. CIBC Asset Management Inc increased its position in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after buying an additional 1,723 shares during the last quarter. Corient Private Wealth LLC increased its position in Aurora Innovation by 11.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,484 shares of the company’s stock worth $135,000 after buying an additional 2,216 shares during the last quarter. Amalgamated Bank increased its position in Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after buying an additional 2,913 shares during the last quarter. Finally, Twin Tree Management LP increased its position in Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after buying an additional 3,047 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

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.