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

Shares of Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.2222.

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. TD Cowen boosted their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th.

View Our Latest Research Report on Aurora Innovation

Insider Buying and Selling

In related news, Director David M. Wehner purchased 82,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $6.04 per share, with a total value of $498,300.00. Following the completion of the transaction, the director owned 246,519 shares of the company’s stock, valued at $1,488,974.76. This represents a 50.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,390,753 shares of company stock worth $44,826,378. 8.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after buying an additional 17,818,179 shares during the last quarter. DNB Asset Management AS grew its position in shares of Aurora Innovation by 93.0% in the 4th quarter. DNB Asset Management AS now owns 1,037,510 shares of the company’s stock worth $3,984,000 after acquiring an additional 499,935 shares in the last quarter. Clare Market Investments LLC bought a new stake in shares of Aurora Innovation in the 1st quarter valued at approximately $2,697,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Aurora Innovation by 6.6% in the 4th 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 acquiring an additional 16,933,373 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Aurora Innovation by 130.0% during the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after acquiring an additional 16,975,927 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Price Performance

Shares of AUR opened at $5.63 on Thursday. Aurora Innovation has a 12 month low of $3.60 and a 12 month high of $8.56. The stock’s 50-day moving average is $6.37 and its two-hundred day moving average is $5.77. The stock has a market cap of $11.28 billion, a PE ratio of -11.98 and a beta of 2.64.

Aurora Innovation (NASDAQ:AURGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. During the same quarter last year, the business posted ($0.11) EPS. Aurora Innovation’s quarterly revenue was up 100.0% compared to the same quarter last year. On average, research analysts anticipate that Aurora Innovation will post -0.48 earnings per share for the current year.

About Aurora Innovation

(Get Free Report)

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.

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Analyst Recommendations for Aurora Innovation (NASDAQ:AUR)

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