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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have earned a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.70.

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a report on Tuesday. They issued an "overweight" rating and a $10.00 price target for the company. The Goldman Sachs Group increased their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI increased their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Finally, Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating for the company.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the sale, the director now owns 382,425 shares of the company's stock, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last 90 days. Corporate insiders own 13.83% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in shares of Aurora Innovation during the third quarter worth approximately $72,000. Virtu Financial LLC bought a new position in Aurora Innovation during the 3rd quarter worth $337,000. Geode Capital Management LLC raised its holdings in Aurora Innovation by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after acquiring an additional 3,064,342 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Aurora Innovation during the 3rd quarter valued at $88,000. Finally, Barclays PLC grew its holdings in shares of Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock worth $10,122,000 after purchasing an additional 1,388,307 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Aurora Innovation Price Performance

AUR traded down $0.23 during mid-day trading on Tuesday, hitting $7.39. The stock had a trading volume of 11,599,811 shares, compared to its average volume of 9,112,560. The stock's fifty day simple moving average is $5.99 and its 200-day simple moving average is $4.48. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of -15.08 and a beta of 2.86. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $8.05.

About Aurora Innovation

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.