Cantor Fitzgerald Reiterates “Overweight” Rating for Aurora Innovation (NASDAQ:AUR)

Aurora Innovation (NASDAQ:AUR)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a research report issued on Thursday,Benzinga reports. They currently have a $10.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential downside of 1.86% from the company’s previous close.

Other research analysts have also issued research reports about the company. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group boosted 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 analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.30.

Aurora Innovation Stock Up 8.2 %

NASDAQ AUR opened at $10.19 on Thursday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77. The business’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $5.87. The firm has a market cap of $17.51 billion, a PE ratio of -20.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. Research analysts expect that Aurora Innovation will post -0.47 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the transaction, the director now directly owns 286,247 shares of the company’s stock, valued at $1,568,633.56. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in AUR. Creative Planning acquired a new position in shares of Aurora Innovation during the third quarter worth about $652,000. Cornerstone Wealth Management LLC acquired a new position in shares of Aurora Innovation during the third quarter worth about $263,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Aurora Innovation during the third quarter worth about $1,184,000. Vanguard Capital Wealth Advisors acquired a new position in Aurora Innovation in the third quarter valued at approximately $266,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Aurora Innovation by 22.2% in the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company’s stock valued at $949,000 after purchasing an additional 29,106 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.