Aurora Innovation, Inc. (NASDAQ:AUR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.75.

Several equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They set a “hold” rating and a $8.00 target price for the company. Needham & Company LLC raised their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Canaccord Genuity Group raised their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They set an “overweight” rating and a $12.00 target price for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th.

Aurora Innovation Price Performance

Shares of AUR stock opened at $5.17 on Friday. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of -10.77 and a beta of 2.59. Aurora Innovation has a one year low of $2.67 and a one year high of $10.77. The company’s fifty day moving average price is $6.28 and its 200-day moving average price is $6.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Equities research analysts expect that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director now directly owns 330,425 shares of the company’s stock, valued at $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.85% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Uber Technologies Inc bought a new stake in shares of Aurora Innovation in the 4th quarter worth about $2,053,632,000. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after acquiring an additional 2,392,995 shares during the last quarter. Toyota Motor Corp bought a new stake in shares of Aurora Innovation in the 4th quarter worth about $298,294,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Aurora Innovation by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock worth $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company’s stock worth $147,292,000 after acquiring an additional 577,704 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.