Brokerages Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $5.70

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been given an average rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.70.

A number of analysts recently issued reports on the stock. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald began coverage on Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $6.50 on Friday. The business’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $5.14. The stock has a market cap of $11.17 billion, a PE ratio of -13.27 and a beta of 2.85. Aurora Innovation has a one year low of $2.10 and a one year high of $8.44.

Insider Buying and Selling

In other news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the transaction, the director now owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This trade represents a 67.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AUR. Amalgamated Bank boosted its holdings 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 purchasing an additional 2,913 shares during the period. ASB Consultores LLC lifted its position in shares of Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after buying an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Aurora Innovation by 14.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after buying an additional 4,054 shares during the period. KBC Group NV grew its position in shares of Aurora Innovation by 41.1% during the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after buying an additional 7,595 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Aurora Innovation by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after buying an additional 7,624 shares during the last quarter. Institutional investors and hedge funds 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.