Aurora Innovation, Inc. (NASDAQ:AUR) Receives $10.44 Consensus PT from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.4375.

A number of research firms recently commented on AUR. TD Cowen lowered their price objective on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Finally, UBS Group restated an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th.

Aurora Innovation Stock Down 11.1%

Aurora Innovation stock opened at $4.49 on Friday. The stock has a 50-day simple moving average of $5.49 and a 200 day simple moving average of $5.89. Aurora Innovation has a 12-month low of $4.48 and a 12-month high of $10.77. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of -9.98 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.23 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. As a group, sell-side analysts anticipate that Aurora Innovation will post -0.49 EPS for the current year.

Insider Activity at Aurora Innovation

In related news, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of large investors have recently added to or reduced their stakes in AUR. GAMMA Investing LLC lifted its holdings in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock valued at $40,000 after purchasing an additional 3,527 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Aurora Innovation in the 1st quarter valued at approximately $106,000. Janney Montgomery Scott LLC lifted its stake in Aurora Innovation by 90.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,810 shares of the company’s stock valued at $194,000 after acquiring an additional 13,675 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Aurora Innovation by 84.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 62,998 shares of the company’s stock worth $424,000 after acquiring an additional 28,823 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Aurora Innovation during the 1st quarter worth approximately $349,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Company Profile

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.