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

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has received an average rating of "Hold" from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.70.

Several brokerages recently commented on AUR. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target for the company. Wolfe Research initiated coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating for the company. Evercore ISI raised their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th.

Aurora Innovation Stock Up 11.8 %

Shares of Aurora Innovation stock traded up $0.72 on Friday, reaching $6.82. The company's stock had a trading volume of 9,004,651 shares, compared to its average volume of 8,797,176. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $8.44. The company has a market capitalization of $11.72 billion, a P/E ratio of -13.92 and a beta of 2.86. The stock has a 50-day moving average price of $6.45 and a 200-day moving average price of $5.07.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 3,500,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the transaction, the director now owns 382,425 shares of the company's stock, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the business's 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 owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,776,667 shares of company stock worth $48,432,337. Insiders own 13.83% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its stake in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock worth $502,636,000 after purchasing an additional 12,466,085 shares during the period. FMR LLC increased its stake in Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company's stock worth $81,983,000 after buying an additional 9,325,013 shares during the period. Bank of New York Mellon Corp boosted its position in Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock valued at $14,377,000 after buying an additional 3,800,901 shares during the period. Geode Capital Management LLC raised its stake in shares of Aurora Innovation by 15.5% in the third 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. Finally, State Street Corp grew its stake in Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after purchasing an additional 2,920,653 shares in the last quarter. 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.