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

Aurora Innovation, Inc. (NASDAQ:AUR) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.0625.

Several research firms recently weighed in on AUR. TD Cowen reissued a “hold” rating on shares of Aurora Innovation in a research note on Thursday, October 30th. The Goldman Sachs Group reduced their price target on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, January 21st. Finally, UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, CEO Christopher Urmson acquired 258,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were acquired 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.85% of the stock is owned by company insiders.

Institutional Trading of Aurora Innovation

Hedge funds have recently bought and sold shares of the stock. Danske Bank A S bought a new position in Aurora Innovation in the third quarter valued at approximately $36,000. N.E.W. Advisory Services LLC bought a new stake in shares of Aurora Innovation during the third quarter worth $44,000. Fifth Third Bancorp raised its holdings in shares of Aurora Innovation by 101.4% during the third 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 period. Evolution Wealth Advisors LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at $52,000. Finally, Ervin Investment Management LLC acquired a new position in Aurora Innovation in the 3rd quarter worth $54,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Trading Up 13.2%

Aurora Innovation stock opened at $4.28 on Friday. The firm has a market capitalization of $8.28 billion, a P/E ratio of -9.51 and a beta of 2.47. The business has a 50-day moving average of $4.32 and a 200-day moving average of $5.01. Aurora Innovation has a 1 year low of $3.60 and a 1 year high of $10.77.

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.