Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of “Hold” from Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have received an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.0625.

A number of research analysts have recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. UBS Group restated an “underperform” rating 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, TD Cowen lowered their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a report on Thursday, October 30th.

Insider Transactions at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares of the company’s stock, valued at $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher Urmson acquired 258,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the acquisition, the chief executive officer owned 258,000 shares in the company, valued at $1,001,040. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 11.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in shares of Aurora Innovation during the third quarter valued at $36,000. Farther Finance Advisors LLC increased its holdings in Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after purchasing an additional 6,264 shares during the period. PNC Financial Services Group Inc. increased its holdings in Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares during the period. N.E.W. Advisory Services LLC bought a new position in Aurora Innovation during the 3rd quarter worth $44,000. Finally, Fifth Third Bancorp lifted its holdings in Aurora Innovation by 101.4% during the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock worth $54,000 after buying an additional 5,000 shares during the period. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

Shares of AUR opened at $4.16 on Friday. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $10.77. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of -9.24 and a beta of 2.46. The business’s fifty day moving average is $4.52 and its 200-day moving average is $5.32.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data 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 business had revenue of $1.00 million during the quarter, compared to analyst estimates of $1.23 million. During the same period last year, the business earned ($0.13) earnings per share. As a group, research analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.