Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Aurora Innovation, Inc. (NASDAQ:AUR) has been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.75.

Several research firms have recently weighed in on AUR. Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd.

Insider Buying and Selling

In other news, Director John J. Donahoe acquired 162,337 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares of the company’s stock, valued at $990,255.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gloria R. Boyland sold 46,097 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares of the company’s stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Aurora Innovation in the 1st quarter worth approximately $32,000. Signaturefd LLC grew its stake in Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares in the last quarter. GAMMA Investing LLC grew its stake in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after buying an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after buying an additional 6,264 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after buying an additional 2,085 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $6.39 on Friday. Aurora Innovation has a 52-week low of $3.40 and a 52-week high of $10.77. The company has a 50-day simple moving average of $5.77 and a 200 day simple moving average of $6.50. The company has a market capitalization of $11.79 billion, a PE ratio of -13.60 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.50 million. As a group, analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

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.