Cantor Fitzgerald Estimates AUR FY2024 Earnings

Aurora Innovation, Inc. (NASDAQ:AUR) – Analysts at Cantor Fitzgerald issued their FY2024 earnings per share estimates for Aurora Innovation in a research note issued to investors 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. The consensus estimate for Aurora Innovation’s current full-year earnings is ($0.47) per share.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. The Goldman Sachs Group increased their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.70.

Aurora Innovation Stock Down 5.3 %

NASDAQ:AUR opened at $6.97 on Thursday. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $8.05. The stock has a market cap of $11.98 billion, a P/E ratio of -14.22 and a beta of 2.86. The firm’s fifty day simple moving average is $6.14 and its 200 day simple moving average is $4.59.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business’s 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 transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the sale, the director now owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % 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 in the last three months. Insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank increased its holdings in Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after buying an additional 2,913 shares during the period. ASB Consultores LLC increased its stake in shares of Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after purchasing an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after acquiring an additional 4,702 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after purchasing an additional 7,595 shares in the last quarter. 44.71% of the stock is 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.