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

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

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

Insider Transactions at Aurora Innovation

In other news, CEO Christopher Urmson bought 258,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Large investors have recently modified their holdings of the business. Danske Bank A S acquired a new position in Aurora Innovation during the third quarter worth about $36,000. Farther Finance Advisors LLC lifted its stake in shares of Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after acquiring an additional 6,264 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter valued at $44,000. Fifth Third Bancorp grew its position in Aurora Innovation by 101.4% during the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock worth $54,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new position in Aurora Innovation in the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Down 3.6%

Aurora Innovation stock opened at $4.59 on Wednesday. The company’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $5.16. The stock has a market cap of $8.88 billion, a P/E ratio of -10.20 and a beta of 2.47. Aurora Innovation has a twelve month low of $3.60 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.23 million. During the same period in the previous year, the business posted ($0.13) earnings per share. Equities analysts anticipate that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

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.