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

Aurora Innovation, Inc. (NASDAQ:AUR) has received an average rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.25.

A number of analysts have commented on AUR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. TD Cowen lifted their price objective on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Craig Hallum started coverage on shares of Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Northland Securities began coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 target price on the stock.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 1,202,354 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David M. Wehner acquired 82,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $6.04 per share, for a total transaction of $498,300.00. Following the completion of the transaction, the director directly owned 246,519 shares in the company, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 7,048,487 shares of company stock valued at $54,295,119. Corporate insiders own 8.52% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Several large investors have recently made changes to their positions in AUR. Danske Bank A S purchased a new stake in shares of Aurora Innovation during the third quarter worth about $36,000. Versant Capital Management Inc lifted its holdings in Aurora Innovation by 964.9% in the 2nd quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock worth $55,000 after purchasing an additional 7,266 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Aurora Innovation by 79.7% in the 2nd quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock worth $58,000 after purchasing an additional 3,770 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Aurora Innovation in the 4th quarter worth approximately $35,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Aurora Innovation in the 4th quarter worth approximately $39,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.31 on Wednesday. Aurora Innovation has a 1-year low of $3.60 and a 1-year high of $8.56. The company’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $5.22. The stock has a market capitalization of $12.38 billion, a PE ratio of -14.34 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation’s revenue for the quarter was down 66.7% compared to the same quarter last year. As a group, research analysts anticipate that Aurora Innovation will post -0.47 EPS for the current 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.