Mesirow Financial Investment Management Inc. Acquires New Stake in Aurora Innovation, Inc. $AUR

Mesirow Financial Investment Management Inc. acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,461 shares of the company’s stock, valued at approximately $165,000.

A number of other large investors have also made changes to their positions in AUR. Signaturefd LLC boosted its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after acquiring an additional 3,527 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Aurora Innovation by 463.3% during the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after acquiring an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in shares of Aurora Innovation during the second quarter valued at $52,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday. Cowen reissued a “hold” rating on shares of Aurora Innovation in a research note on Thursday. TD Cowen decreased their price target on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.44.

Aurora Innovation Trading Up 2.7%

Shares of NASDAQ:AUR opened at $5.24 on Monday. The stock’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.91. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of -11.64 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter last year, the business earned ($0.13) earnings per share. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director directly owned 398,372 shares in the company, valued at $2,147,225.08. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John J. Donahoe acquired 162,337 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the acquisition, the director owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 11.85% of the company’s stock.

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.