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

Aurora Innovation, Inc. (NASDAQ:AUR) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.25.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen lowered Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Craig Hallum assumed coverage on Aurora Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Finally, Northland Securities assumed coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective for the company.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 1,202,354 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 7,048,487 shares of company stock worth $54,295,119 in the last 90 days. Corporate insiders own 8.52% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. Capital Research Global Investors grew its holdings in shares of Aurora Innovation by 35.9% during the third quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock valued at $384,299,000 after buying an additional 18,820,542 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after buying an additional 17,818,179 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Aurora Innovation by 130.0% during the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after buying an additional 16,975,927 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Aurora Innovation by 6.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after buying an additional 16,933,373 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Aurora Innovation by 2,068.8% during the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after buying an additional 10,724,682 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Up 2.7%

Shares of Aurora Innovation stock opened at $6.13 on Friday. The firm has a market capitalization of $12.02 billion, a P/E ratio of -13.93 and a beta of 2.62. The business has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $4.95. Aurora Innovation has a 12 month low of $3.60 and a 12 month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share 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 company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.97 million. The business’s revenue was down 66.7% compared to the same quarter last year. Analysts predict that Aurora Innovation will post -0.47 earnings per share 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.