Aurora Innovation (NASDAQ:AUR) Posts Earnings Results

Aurora Innovation (NASDAQ:AUR - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, Zacks reports.

Aurora Innovation Trading Up 8.2 %

Shares of AUR stock traded up $0.77 during trading hours on Friday, hitting $10.19. The company's stock had a trading volume of 38,214,166 shares, compared to its average volume of 11,015,713. The business has a fifty day moving average of $7.14 and a 200-day moving average of $5.87. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of -20.80 and a beta of 2.85. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77.

Analyst Upgrades and Downgrades

AUR has been the subject of several research analyst reports. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating for the company. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. TD Cowen increased their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Aurora Innovation in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Aurora Innovation has an average rating of "Hold" and a consensus target price of $6.30.

Insider Activity

In other news, Director Reid Hoffman sold 537,837 shares of the 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 sale, the director now directly owns 286,247 shares in the company, valued at $1,568,633.56. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 344,647 shares in the company, valued at $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. Company insiders own 13.83% of the company's stock.

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.