Aurora Innovation, Inc. (NASDAQ:AUR) Receives $6.30 Consensus Target Price from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $6.30.

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

Aurora Innovation Stock Performance

NASDAQ:AUR traded down $0.01 during midday trading on Wednesday, reaching $6.80. 12,845,772 shares of the stock traded hands, compared to its average volume of 15,319,203. The stock has a market capitalization of $11.69 billion, a PE ratio of -13.88 and a beta of 2.85. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $9.83. The business has a 50-day moving average of $6.91 and a two-hundred day moving average of $5.64.

Insider Buying and Selling

In related news, Director Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the transaction, the director now directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 over the last quarter. 13.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently made changes to their positions in AUR. GPS Wealth Strategies Group LLC boosted its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock worth $44,000 after purchasing an additional 4,955 shares in the last quarter. Souders Financial Advisors purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at approximately $59,000. Grimes & Company Inc. acquired a new stake in Aurora Innovation in the 4th quarter valued at $63,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation in the 3rd quarter valued at $60,000. Finally, Yousif Capital Management LLC acquired a new position in Aurora Innovation during the fourth quarter worth $65,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.