Aurora Innovation, Inc. (NASDAQ:AUR) Receives Average Recommendation of "Hold" from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.30.

A number of equities analysts recently commented on AUR shares. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating for the company. Canaccord Genuity Group raised their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Cantor Fitzgerald started coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price objective on the stock. TD Cowen lifted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th.

Aurora Innovation Trading Up 1.8 %

Shares of NASDAQ AUR traded up $0.12 during mid-day trading on Wednesday, reaching $6.91. 7,838,074 shares of the company's stock were exchanged, compared to its average volume of 15,991,503. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of -14.10 and a beta of 2.85. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $9.83. The business has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $5.69.

Insider Buying and Selling

In other news, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of Aurora Innovation stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares of the company's stock, valued at approximately $135,535.68. This trade represents a 94.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,382,793 shares of company stock worth $40,835,724 over the last ninety days. 13.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AUR. Dimensional Fund Advisors LP raised its position in Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock worth $36,941,000 after purchasing an additional 2,502,002 shares during the period. Amalgamated Bank lifted its stake in shares of Aurora Innovation by 151.9% during the second quarter. Amalgamated Bank now owns 29,093 shares of the company's stock worth $81,000 after buying an additional 17,543 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation in the 2nd quarter worth approximately $51,000. Profund Advisors LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at about $46,000. Finally, Xponance Inc. lifted its stake in shares of Aurora Innovation by 147.4% in the 2nd quarter. Xponance Inc. now owns 53,168 shares of the company's stock valued at $147,000 after purchasing an additional 31,678 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Company Profile

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.