Aurora Innovation (NASDAQ:AUR) Director David Wehner Purchases 82,500 Shares

Aurora Innovation, Inc. (NASDAQ:AUR) Director David Wehner acquired 82,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $6.04 per share, with a total value of $498,300.00. Following the purchase, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Aurora Innovation Price Performance

Shares of NASDAQ AUR traded up $0.19 during midday trading on Monday, hitting $6.32. The company’s stock had a trading volume of 7,256,138 shares, compared to its average volume of 22,695,943. The business’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $4.96. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of -14.38 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The company’s revenue was down 66.7% on a year-over-year basis. Analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the company. Danske Bank A S acquired a new position in Aurora Innovation in the 3rd quarter valued at $36,000. Garton & Associates Financial Advisors LLC purchased a new stake in Aurora Innovation in the 4th quarter valued at approximately $35,000. Fifth Third Bancorp boosted its holdings in Aurora Innovation by 101.4% in the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after purchasing an additional 5,000 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Aurora Innovation in the 4th quarter valued at approximately $39,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Aurora Innovation during the 3rd quarter worth $54,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AUR has been the topic of a number of research analyst reports. Northland Securities initiated coverage on shares of Aurora Innovation in a report on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Wall Street Zen cut shares of Aurora Innovation from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.25.

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.