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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.75.

Insider Buying and Selling

In related news, Director John J. Donahoe purchased 162,337 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was acquired 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 directly owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its stake in Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company’s stock worth $83,000 after purchasing an additional 1,717 shares in the last quarter. United Bank lifted its stake in Aurora Innovation by 17.0% in the first quarter. United Bank now owns 13,064 shares of the company’s stock worth $88,000 after acquiring an additional 1,900 shares during the last quarter. Grimes & Company Inc. lifted its stake in Aurora Innovation by 18.2% in the second quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock worth $68,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC grew its holdings in Aurora Innovation by 4.4% during the 2nd quarter. Western Wealth Management LLC now owns 47,930 shares of the company’s stock worth $251,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Aurora Innovation by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 70,652 shares of the company’s stock valued at $475,000 after purchasing an additional 2,061 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $5.44 on Thursday. The firm has a 50 day simple moving average of $5.90 and a 200-day simple moving average of $6.25. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of -11.57 and a beta of 2.48. Aurora Innovation has a 1-year low of $4.22 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. Equities analysts expect that Aurora Innovation will post -0.49 earnings per share 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.