Cantor Fitzgerald Weighs in on AUR FY2024 Earnings

Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2024 earnings estimates for shares of Aurora Innovation in a report released on Tuesday, December 10th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings of ($0.47) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $10.00 price objective on the stock.

A number of other brokerages have also recently issued reports on AUR. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Canaccord Genuity Group reissued a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Finally, Wolfe Research assumed coverage on 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.70.

Aurora Innovation Trading Down 0.1 %

Aurora Innovation stock traded down $0.01 on Thursday, hitting $7.36. 9,207,344 shares of the stock traded hands, compared to its average volume of 9,116,011. The business's fifty day simple moving average is $6.11 and its 200 day simple moving average is $4.56. The firm has a market cap of $12.65 billion, a P/E ratio of -15.02 and a beta of 2.86. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $8.05.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently added to or reduced their stakes in AUR. Baillie Gifford & Co. grew its stake in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after purchasing an additional 12,466,085 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $134,981,000 after buying an additional 3,064,342 shares during the last quarter. State Street Corp grew its position in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after buying an additional 2,920,653 shares during the period. FMR LLC increased its holdings in Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after buying an additional 9,325,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock worth $36,941,000 after acquiring an additional 2,502,002 shares during the period. Institutional investors own 44.71% of the company's stock.

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of the company'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 in the company, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 over the last 90 days. 13.83% of the stock is currently owned by insiders.

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.