Aurora Innovation (NASDAQ:AUR) Releases Earnings Results

Aurora Innovation (NASDAQ:AUR - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share for the quarter, Zacks reports.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock traded up $0.77 during trading on Friday, hitting $10.19. The stock had a trading volume of 38,214,166 shares, compared to its average volume of 11,015,713. The firm's fifty day simple moving average is $7.14 and its 200-day simple moving average is $5.88. The stock has a market cap of $17.51 billion, a PE ratio of -20.80 and a beta of 2.85. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $10.77.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now owns 286,247 shares of the company's stock, valued at $1,568,633.56. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares of the company's stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AUR shares. Canaccord Genuity Group upped their target price on shares of 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 reaffirmed an "overweight" rating and set a $10.00 target price on shares of Aurora Innovation in a report on Thursday. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research note on Monday, November 4th. TD Cowen raised their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation currently has a consensus rating of "Hold" and an average price target of $6.30.

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.