Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report)’s stock price was down 10.7% during mid-day trading on Thursday after Cantor Fitzgerald lowered their price target on the stock from $12.00 to $11.00. Cantor Fitzgerald currently has an overweight rating on the stock. Aurora Innovation traded as low as $4.63 and last traded at $4.5450. 4,910,012 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 24,790,555 shares. The stock had previously closed at $5.09.
Several other analysts also recently weighed in on AUR. Oppenheimer lifted their target price on Aurora Innovation from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Morgan Stanley boosted their price target on shares of Aurora Innovation from $14.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, September 11th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Thursday, October 15th. Finally, Needham & Company LLC decreased their price objective on shares of Aurora Innovation from $13.00 to $10.00 and set a “buy” rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Aurora Innovation has an average rating of “Moderate Buy” and a consensus price target of $12.67.
Check Out Our Latest Analysis on AUR
Insider Transactions at Aurora Innovation
In related news, Director Michelangelo Volpi sold 2,842,682 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 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.
Aurora Innovation News Roundup
Here are the key news stories impacting Aurora Innovation this week:
- Positive Sentiment: Management outlined a plan to produce or equip approximately 20 driverless trucks per week by early December, with more than 1,000 driverless trucks targeted by the end of 2027 and 30,000 by 2030. These targets support the long-term commercialization case. Aurora targets 1,000 driverless trucks by end of 2027, 30,000 by 2030
- Positive Sentiment: Aurora provided 2026 revenue guidance and reported third-quarter revenue of $3 million, approximately 200% above the prior-year period. Cantor Fitzgerald maintained an “overweight” rating, although its price target was lowered to $11 from $12. Aurora 2026 revenue guidance
- Neutral Sentiment: The company’s quarterly loss of $0.12 per share was broadly in line with consensus estimates, while reported revenue was close to the approximately $3 million analysts expected. However, the results provide limited evidence that the business has reached meaningful scale. Aurora third-quarter earnings results
- Negative Sentiment: Aurora reported a $257 million operating loss, a $234 million net loss attributable to common shareholders and negative operating cash flow of $170 million. Cash and equivalents stood at $141 million, highlighting continued funding and execution risks as the fleet expands. Aurora third-quarter financial results
- Negative Sentiment: Cantor Fitzgerald’s target reduction from $12 to $11 signals somewhat less near-term confidence, despite its continued bullish rating. The stock’s negative earnings profile and high cash burn remain important reasons for investor caution. Cantor Fitzgerald Aurora price target
Institutional Investors Weigh In On Aurora Innovation
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. Ascent Wealth Partners LLC raised its holdings in shares of Aurora Innovation by 9.6% in the 1st quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock valued at $65,000 after purchasing an additional 1,389 shares during the period. Arizona State Retirement System boosted its stake in Aurora Innovation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 330,647 shares of the company’s stock valued at $2,255,000 after purchasing an additional 1,738 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Aurora Innovation by 16.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,212 shares of the company’s stock valued at $90,000 after buying an additional 1,839 shares in the last quarter. QRG Capital Management Inc. increased its position in Aurora Innovation by 13.9% during the 2nd quarter. QRG Capital Management Inc. now owns 15,528 shares of the company’s stock worth $106,000 after buying an additional 1,891 shares during the period. Finally, Gabelli Funds LLC increased its position in Aurora Innovation by 15.4% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $62,000 after buying an additional 2,000 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.
Aurora Innovation Trading Down 11.6%
The stock has a market cap of $9.02 billion, a P/E ratio of -9.70 and a beta of 2.69. The firm has a 50-day simple moving average of $5.77 and a two-hundred day simple moving average of $5.62.
Aurora Innovation (NASDAQ:AUR – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.12). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The firm had revenue of $3.00 million for the quarter, compared to the consensus estimate of $2.99 million. The firm’s revenue was up 200.0% compared to the same quarter last year. Sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.
About Aurora Innovation
Aurora Innovation, Inc develops autonomous driving technology for commercial trucks and passenger vehicles. Its core product, the Aurora Driver, combines artificial intelligence, sensors, mapping, and vehicle-control software to enable vehicles to perceive their surroundings, plan routes, and operate with limited or no human intervention.
The company focuses initially on autonomous trucking and freight transportation, while also developing technology for passenger mobility applications.
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