Aurora Innovation (NASDAQ:AUR) Hits New 1-Year Low – Here’s Why

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) hit a new 52-week low on Tuesday . The company traded as low as $4.82 and last traded at $4.8650, with a volume of 2213383 shares traded. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research reports. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and set a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.44.

Aurora Innovation Stock Performance

The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of -10.19 and a beta of 2.44. The business has a 50 day moving average price of $5.51 and a 200-day moving average price of $5.90.

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

Insider Transactions at Aurora Innovation

In related news, Director Brittany Bagley sold 50,000 shares of the business’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 completion of the sale, the director directly owned 398,372 shares of the company’s stock, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John J. Donahoe bought 162,337 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at $990,255.70. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 11.85% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the business. Independent Advisor Alliance lifted its position in shares of Aurora Innovation by 147.9% during the third quarter. Independent Advisor Alliance now owns 30,477 shares of the company’s stock worth $164,000 after acquiring an additional 18,183 shares in the last quarter. Arizona State Retirement System increased its stake in Aurora Innovation by 1.5% in the third quarter. Arizona State Retirement System now owns 293,617 shares of the company’s stock valued at $1,583,000 after acquiring an additional 4,411 shares during the last quarter. Paragon Advisors LLC increased its stake in Aurora Innovation by 103.0% in the third quarter. Paragon Advisors LLC now owns 536,195 shares of the company’s stock valued at $2,890,000 after acquiring an additional 272,121 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 6.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 47,435 shares of the company’s stock valued at $256,000 after buying an additional 2,895 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Aurora Innovation by 32.7% during the third quarter. New York State Common Retirement Fund now owns 536,612 shares of the company’s stock valued at $2,892,000 after buying an additional 132,324 shares during the last quarter. 44.71% of the stock is owned by 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.