Aurora Innovation, Inc. (NASDAQ:AUR) Given Average Rating of “Hold” by Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.0625.

Several research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. TD Cowen decreased their target price on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group lowered their target price on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Finally, UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th.

Aurora Innovation Price Performance

Shares of NASDAQ AUR opened at $4.09 on Friday. The stock has a market capitalization of $7.92 billion, a PE ratio of -9.09 and a beta of 2.46. Aurora Innovation has a one year low of $3.60 and a one year high of $10.77. The business’s fifty day moving average price is $4.44 and its 200-day moving average price is $5.28.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share (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 quarter in the prior year, the firm posted ($0.13) earnings per share. As a group, equities analysts expect that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Insider Activity

In other Aurora Innovation news, CEO Christopher Urmson bought 258,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were acquired at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the purchase, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at $1,001,040. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were 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 in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

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

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.