Aurora Innovation, Inc. (NASDAQ:AUR) Receives $10.06 Consensus PT from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.0625.

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

Insider Activity at Aurora Innovation

In related news, Director Brittany Bagley sold 50,000 shares of the company’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 completion of the transaction, the director directly owned 398,372 shares in the company, valued at $2,147,225.08. This represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher Urmson purchased 258,000 shares of the firm’s stock in a transaction on 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 approximately $1,001,040. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 11.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently made changes to their positions in AUR. Capital Research Global Investors grew its holdings in shares of Aurora Innovation by 35.9% during the 3rd quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock worth $384,299,000 after purchasing an additional 18,820,542 shares in the last quarter. Norges Bank bought a new position in Aurora Innovation in the second quarter worth $42,421,000. Squarepoint Ops LLC boosted its stake in Aurora Innovation by 3,256.1% during the second quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock worth $35,387,000 after buying an additional 6,552,034 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Aurora Innovation in the 2nd quarter valued at $31,250,000. Finally, Durable Capital Partners LP raised its stake in shares of Aurora Innovation by 36.7% in the 2nd quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company’s stock valued at $106,918,000 after buying an additional 5,481,969 shares in the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

AUR opened at $4.00 on Friday. The company has a market cap of $7.74 billion, a PE ratio of -8.89 and a beta of 2.46. The stock has a 50-day moving average of $4.40 and a 200-day moving average of $5.26. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company 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 business posted ($0.13) earnings per share. On average, research analysts predict that Aurora Innovation will post -0.49 earnings per share for the current year.

About Aurora Innovation

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.