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

Aurora Innovation, Inc. (NASDAQ:AUR) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.0625.

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. The Goldman Sachs Group cut their target price on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. Oppenheimer restated an “outperform” rating and set a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, TD Cowen reduced their price objective on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research report on Thursday, October 30th.

Insiders Place Their Bets

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction on 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 of the company’s stock, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Urmson acquired 258,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were bought at an average price of $3.88 per share, for a total transaction of $1,001,040.00. Following the acquisition, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at approximately $1,001,040. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 11.85% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AUR. IFP Advisors Inc grew its stake in Aurora Innovation by 1,078.6% in the third quarter. IFP Advisors Inc now owns 14,249 shares of the company’s stock valued at $77,000 after acquiring an additional 13,040 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Aurora Innovation by 83.8% during the third quarter. Swiss Life Asset Management Ltd now owns 46,445 shares of the company’s stock worth $250,000 after purchasing an additional 21,178 shares during the period. Liontrust Investment Partners LLP bought a new position in shares of Aurora Innovation in the 3rd quarter worth $3,731,000. CIBC Bancorp USA Inc. acquired a new stake in Aurora Innovation in the 3rd quarter valued at $298,000. Finally, Danske Bank A S acquired a new stake in Aurora Innovation in the 3rd quarter valued at $36,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $4.16 on Friday. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of -9.24 and a beta of 2.46. Aurora Innovation has a 52-week low of $3.60 and a 52-week high of $10.77. The firm has a 50 day moving average price of $4.52 and a two-hundred day moving average price of $5.32.

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