Aurora Innovation, Inc. (NASDAQ:AUR) Given Average Recommendation of “Hold” by Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.4375.

A number of research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th.

Aurora Innovation Trading Up 3.2%

Shares of NASDAQ:AUR opened at $3.90 on Tuesday. The stock has a 50 day moving average of $5.04 and a 200 day moving average of $5.60. The company has a market cap of $7.55 billion, a PE ratio of -8.67 and a beta of 2.44. Aurora Innovation has a 12-month low of $3.60 and a 12-month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.23 million. During the same period in the prior year, the firm earned ($0.13) EPS. Equities research analysts predict that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently bought and sold shares of AUR. Danske Bank A S purchased a new stake in Aurora Innovation in the 3rd quarter worth $36,000. Farther Finance Advisors LLC increased its holdings in shares of Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after purchasing an additional 6,264 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Aurora Innovation in the third quarter worth about $44,000. PNC Financial Services Group Inc. lifted its position in shares of Aurora Innovation by 37.2% in the first 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. Finally, Autumn Glory Partners LLC bought a new position in Aurora Innovation during the second quarter valued at approximately $52,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.