Aurora Innovation, Inc. (NASDAQ:AUR) Stock Has Average Target Price of $12.67 According to Brokerages

Aurora Innovation, Inc. (NASDAQ:AUR) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.11.

A number of brokerages recently issued reports on AUR. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a report on Thursday. Morgan Stanley upped their price objective on shares of Aurora Innovation from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, September 11th. Wall Street Zen lowered Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. The Goldman Sachs Group raised their target price on Aurora Innovation from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Evercore reiterated an “outperform” rating on shares of Aurora Innovation in a research note on Tuesday, September 15th.

Insiders Place Their Bets

In related news, Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 6,390,753 shares of company stock worth $44,826,378 over the last 90 days. 8.52% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

Large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after acquiring an additional 16,933,373 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Aurora Innovation by 130.0% during the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after acquiring an additional 16,975,927 shares during the period. State Street Corp boosted its position in shares of Aurora Innovation by 6.0% in the 2nd quarter. State Street Corp now owns 22,922,729 shares of the company’s stock worth $156,333,000 after buying an additional 1,293,487 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Aurora Innovation by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock worth $82,535,000 after buying an additional 1,498,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Aurora Innovation by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,807,009 shares of the company’s stock valued at $48,621,000 after buying an additional 490,659 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $6.04 on Monday. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a market capitalization of $12.11 billion, a PE ratio of -12.85 and a beta of 2.63. The business’s 50 day moving average price is $6.34 and its 200-day moving average price is $5.98.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The firm’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) earnings per share. As a group, analysts expect that Aurora Innovation will post -0.48 earnings per share for the current year.

About Aurora Innovation

Aurora Innovation, Inc develops autonomous vehicle technology designed to transport people and goods without human drivers. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and other software and hardware systems to enable automated driving across trucking, ride-hailing, and logistics applications.

The company is initially focused on autonomous trucking, where its technology is intended to support long-haul freight operations and improve safety, efficiency, and vehicle utilization.