Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of “Hold” from Brokerages

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

A number of research firms recently commented on AUR. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. UBS Group reissued an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group dropped their price target on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th.

Insider Buying and Selling

In other Aurora Innovation news, CEO Christopher Urmson bought 258,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the completion of the transaction, the chief executive officer owned 258,000 shares of the company’s stock, valued at $1,001,040. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.85% of the company’s stock.

Institutional Trading of Aurora Innovation

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC boosted its holdings in shares of Aurora Innovation by 39.9% in the 4th quarter. FNY Investment Advisers LLC now owns 275,093 shares of the company’s stock valued at $1,056,000 after buying an additional 78,480 shares during the period. Paragon Advisors LLC grew its holdings in shares of Aurora Innovation by 71.8% during the fourth quarter. Paragon Advisors LLC now owns 921,134 shares of the company’s stock valued at $3,537,000 after purchasing an additional 384,939 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Aurora Innovation by 6,824.0% during the 4th quarter. SG Americas Securities LLC now owns 9,645,035 shares of the company’s stock worth $37,037,000 after purchasing an additional 9,505,736 shares during the period. Wedmont Private Capital acquired a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $119,000. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Aurora Innovation by 186.7% in the 4th quarter. Gilbert & Cook Inc. now owns 64,822 shares of the company’s stock worth $249,000 after purchasing an additional 42,212 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Up 2.2%

Shares of NASDAQ AUR opened at $4.67 on Wednesday. The business has a 50-day moving average price of $4.21 and a 200 day moving average price of $5.15. The stock has a market cap of $9.04 billion, a PE ratio of -10.38 and a beta of 2.47. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same period in the previous year, the company posted ($0.13) earnings per share. Sell-side analysts anticipate 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.