Analysts Set Aurora Innovation, Inc. (NASDAQ:AUR) Price Target at $11.50

Aurora Innovation, Inc. (NASDAQ:AUR) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.50.

A number of brokerages have recently commented on AUR. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Finally, TD Cowen upped their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 5,498,487 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.81, for a total transaction of $42,943,183.47. Following the sale, the director directly owned 77,500 shares in the company, valued at approximately $605,275. The trade was a 98.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.52% of the stock is owned by corporate insiders.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascent Wealth Partners LLC raised its stake in shares of Aurora Innovation by 9.6% during the 1st quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock valued at $65,000 after purchasing an additional 1,389 shares during the period. Gabelli Funds LLC raised its stake in shares of Aurora Innovation by 15.4% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $62,000 after purchasing an additional 2,000 shares during the period. Abel Hall LLC raised its stake in shares of Aurora Innovation by 21.0% during the 4th quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock valued at $52,000 after purchasing an additional 2,356 shares during the period. World Investment Advisors raised its stake in shares of Aurora Innovation by 7.4% during the 4th quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after purchasing an additional 2,406 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Aurora Innovation by 20.1% during the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock valued at $77,000 after purchasing an additional 2,458 shares during the period. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Trading Down 1.4%

AUR stock opened at $7.07 on Tuesday. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.56. The stock’s fifty day simple moving average is $5.30 and its two-hundred day simple moving average is $4.68. The stock has a market cap of $13.87 billion, a P/E ratio of -16.07 and a beta of 2.58.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. The business’s quarterly revenue was down 66.7% compared to the same quarter last year. As a group, analysts forecast that Aurora Innovation will post -0.46 earnings per share for the current fiscal year.

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.