Aurora Innovation (NASDAQ:AUR) Coverage Initiated at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald began coverage on shares of Aurora Innovation (NASDAQ:AUR - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $10.00 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 35.32% from the stock's current price.

Other equities research analysts also recently issued reports about the company. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI lifted 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. Finally, Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.70.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock traded down $0.23 during trading on Tuesday, hitting $7.39. The stock had a trading volume of 11,599,811 shares, compared to its average volume of 9,112,560. The stock has a market cap of $12.70 billion, a PE ratio of -15.08 and a beta of 2.86. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $8.05. The firm's fifty day simple moving average is $5.99 and its 200-day simple moving average is $4.48.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30. Following the transaction, the director now owns 672,425 shares in the company, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares of the company's stock, valued at approximately $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 have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors have recently modified their holdings of the stock. Souders Financial Advisors purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the third quarter valued at $60,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Aurora Innovation in the third quarter worth about $63,000. Sigma Planning Corp purchased a new stake in shares of Aurora Innovation during the 3rd quarter worth about $63,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Aurora Innovation during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

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.