Stock Traders Buy Large Volume of Call Options on Aurora Innovation (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of unusually large options trading activity on Monday. Stock investors bought 17,100 call options on the company. This represents an increase of 137% compared to the average daily volume of 7,209 call options.

Analyst Ratings Changes

AUR has been the subject of a number of recent research reports. TD Cowen lowered their price target on shares of Aurora Innovation from $5.50 to $4.70 and set a “hold” rating for the company in a report on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, February 12th. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday. Wall Street Zen upgraded shares of Aurora Innovation from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and a consensus target price of $10.54.

Aurora Innovation Stock Down 0.9%

Shares of AUR stock opened at $5.22 on Tuesday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of -11.60 and a beta of 2.44. Aurora Innovation has a fifty-two week low of $3.60 and a fifty-two week high of $8.25. The firm’s 50 day moving average price is $4.45 and its two-hundred day moving average price is $4.48.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 11th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.47 million. On average, equities analysts forecast that Aurora Innovation will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth $35,000. Danske Bank A S acquired a new position in shares of Aurora Innovation during the third quarter worth $36,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Aurora Innovation during the fourth quarter worth $39,000. Stonebridge Financial Group LLC MO acquired a new position in shares of Aurora Innovation during the fourth quarter worth $40,000. Finally, Equitable Holdings Inc. acquired a new position in shares of Aurora Innovation during the fourth quarter worth $41,000. 44.71% of the stock is owned by institutional investors and hedge funds.

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.