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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.0625.

A number of research firms have commented on AUR. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. TD Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. The Goldman Sachs Group reduced their target price on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th.

Insider Buying and Selling at Aurora Innovation

In other news, CEO Christopher Urmson bought 258,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $3.88 per share, for a total transaction of $1,001,040.00. Following the completion of the transaction, the chief executive officer directly owned 258,000 shares in the company, valued at $1,001,040. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.85% of the stock is currently owned by insiders.

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth approximately $36,000. N.E.W. Advisory Services LLC bought a new position in Aurora Innovation in the third quarter valued at approximately $44,000. Fifth Third Bancorp grew 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 acquiring an additional 5,000 shares during the period. Evolution Wealth Advisors LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter valued at $52,000. Finally, Ervin Investment Management LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $54,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

Shares of AUR opened at $4.28 on Friday. The company has a market capitalization of $8.28 billion, a P/E ratio of -9.51 and a beta of 2.47. Aurora Innovation has a one year low of $3.60 and a one year high of $10.77. The business’s 50 day simple moving average is $4.32 and its 200-day simple moving average is $5.01.

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.