Aurora Innovation (NASDAQ:AUR) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a peer perform rating on the stock.

AUR has been the topic of several other reports. The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Evercore ISI lifted their price objective on 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 reaffirmed a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average target price of $4.63.

Aurora Innovation Stock Performance

AUR opened at $6.47 on Tuesday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $7.01. The firm has a market capitalization of $11.12 billion, a PE ratio of -13.20 and a beta of 2.82. The company has a fifty day moving average price of $5.89 and a two-hundred day moving average price of $4.29.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 1,393,874 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 344,647 shares of the company’s stock, valued at approximately $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 sold 8,776,667 shares of company stock valued at $48,432,337 in the last ninety days. 13.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new stake in shares of Aurora Innovation during the third quarter worth approximately $72,000. Virtu Financial LLC bought a new stake in Aurora Innovation in the 3rd quarter valued at $337,000. Geode Capital Management LLC grew its holdings in Aurora Innovation by 15.5% in 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 in the last quarter. Abel Hall LLC acquired a new position in Aurora Innovation in the 3rd quarter valued at $88,000. Finally, Barclays PLC increased its position in Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company’s stock worth $10,122,000 after buying an additional 1,388,307 shares during the period. 44.71% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Innovation

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.