Aurora Innovation (NASDAQ:AUR) Earns "Overweight" Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Aurora Innovation (NASDAQ:AUR - Free Report) in a research note published on Thursday,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

A number of other research firms have also recently weighed in on AUR. The Goldman Sachs Group increased their price target on 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 objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of "Hold" and a consensus target price of $6.30.

Aurora Innovation Stock Up 8.2 %

Shares of Aurora Innovation stock traded up $0.77 during mid-day trading on Thursday, 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 has a 50-day moving average of $7.19 and a two-hundred day moving average of $5.94. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $10.77. The firm has a market cap of $17.51 billion, a P/E ratio of -20.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. Sell-side analysts expect that Aurora Innovation will post -0.47 earnings per share for the current year.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction 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 transaction, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aurora Innovation by 41.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,918,807 shares of the company's stock worth $12,088,000 after acquiring an additional 564,227 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter worth $6,958,000. Vident Advisory LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter worth $94,000. Squarepoint Ops LLC purchased a new stake in Aurora Innovation during the 4th quarter worth about $5,535,000. Finally, Toyota Motor Corp purchased a new stake in Aurora Innovation during the 4th quarter worth about $298,294,000. 44.71% of the stock is currently 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.