Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.30.

Several brokerages recently issued reports on AUR. Wolfe Research began coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. Evercore ISI raised their price objective 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. Cantor Fitzgerald began coverage on Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, TD Cowen raised their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st.

Aurora Innovation Stock Down 0.1 %

Shares of NASDAQ:AUR opened at $6.80 on Wednesday. Aurora Innovation has a 52-week low of $2.10 and a 52-week high of $9.83. The company has a 50 day moving average of $6.91 and a two-hundred day moving average of $5.65. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -13.88 and a beta of 2.85.

Insider Buying and Selling

In related news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated 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 $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,382,793 shares of company stock valued at $40,835,724. 13.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings 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 buying an additional 12,466,085 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock valued at $134,981,000 after buying an additional 3,064,342 shares during the last quarter. State Street Corp lifted its holdings in shares of Aurora Innovation by 15.2% during the 3rd 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 last quarter. FMR LLC lifted its holdings in shares of Aurora Innovation by 206.1% during the 3rd 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 lifted its holdings in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after buying an additional 2,502,002 shares during the last quarter. 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.