Aurora Innovation (NASDAQ:AUR – Get Free Report)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research report issued on Thursday, Benzinga reports. They currently have a $13.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 116.13% from the company’s current price.
A number of other equities analysts also recently commented on AUR. Evercore reissued an “outperform” rating on shares of Aurora Innovation in a research note on Tuesday, September 15th. Wall Street Zen downgraded shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. The Goldman Sachs Group boosted 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 Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Finally, Northland Securities began coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They issued an “outperform” rating and a $11.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.11.
Read Our Latest Stock Report on Aurora Innovation
Aurora Innovation Trading Down 4.8%
Aurora Innovation (NASDAQ:AUR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.66 million. During the same period in the prior year, the firm posted ($0.11) EPS. The business’s revenue was up 100.0% on a year-over-year basis. As a group, research analysts anticipate that Aurora Innovation will post -0.48 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Michelangelo Volpi sold 2,842,682 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 6,390,753 shares of company stock valued at $44,826,378 in the last quarter. Corporate insiders own 8.52% of the company’s stock.
Hedge Funds Weigh In On Aurora Innovation
Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in shares of Aurora Innovation by 964.9% during the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock valued at $55,000 after purchasing an additional 7,266 shares during the period. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 79.7% during the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock valued at $58,000 after purchasing an additional 3,770 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $39,000. Triad Wealth Partners LLC acquired a new position in shares of Aurora Innovation during the first quarter valued at about $43,000. Finally, Capula Management Ltd acquired a new position in shares of Aurora Innovation during the first quarter valued at about $43,000. 44.71% of the stock is currently owned by institutional investors.
More Aurora Innovation News
Here are the key news stories impacting Aurora Innovation this week:
- Positive Sentiment: Analyst optimism increased. Canaccord Genuity raised its price target to $17 from $15 and maintained a “buy” rating. Needham also reaffirmed its “buy” rating with a $13 target, implying substantial upside based on the referenced $6.04 share price.
- Positive Sentiment: Strong options activity suggested speculative bullish interest. Investors bought 25,746 call options, approximately 129% above average call volume. Options activity can signal expectations for a future rebound, although it does not guarantee sustained buying in the stock.
- Positive Sentiment: Aurora outlined a major scale-up opportunity. The company expects to end 2026 with roughly 200 driverless trucks in operation and is targeting more than 30,000 by 2030. Management presented the plan as a path toward expanding autonomous freight operations and potentially creating significant long-term revenue growth. Aurora targets 30,000 driverless trucks by 2030
- Neutral Sentiment: The analyst and investor day provided additional details on Aurora’s strategy. The presentation and transcript focused on the company’s planned expansion, operating milestones and long-term vision. Aurora Innovation Analyst/Investor Day Transcript Aurora Innovation Analyst/Investor Day Slideshow
- Negative Sentiment: Investors appeared unimpressed by the long-term targets. Coverage characterized the market response as a “Wall Street shrug,” indicating that the 30,000-truck goal did not provide enough evidence of near-term financial improvement. The sizable gap between the 2026 fleet target and the 2030 objective highlights substantial execution risk. Aurora’s driverless ambition meets Wall Street shrug
About Aurora Innovation
Aurora Innovation, Inc develops autonomous vehicle technology designed to transport people and goods without human drivers. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and other software and hardware systems to enable automated driving across trucking, ride-hailing, and logistics applications.
The company is initially focused on autonomous trucking, where its technology is intended to support long-haul freight operations and improve safety, efficiency, and vehicle utilization.
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