Aurora Innovation’s (AUR) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Aurora Innovation (NASDAQ:AUR) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $10.00 target price on the stock.

A number of other brokerages have also recently commented on AUR. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. 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 report on Monday, November 4th. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, TD Cowen lifted their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.30.

Aurora Innovation Trading Up 46.0 %

Shares of AUR stock opened at $9.42 on Thursday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $9.83. The stock has a market cap of $16.19 billion, a P/E ratio of -19.22 and a beta of 2.85. The company has a 50 day simple moving average of $7.04 and a two-hundred day simple moving average of $5.80.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, equities analysts forecast that Aurora Innovation will post -0.47 earnings per share for the current year.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the sale, the director now directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

A number of hedge funds have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its holdings in shares of Aurora Innovation by 11.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 248,594 shares of the company’s stock worth $1,565,000 after buying an additional 25,646 shares during the last quarter. Garden State Investment Advisory Services LLC grew its position in Aurora Innovation by 45.8% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 47,376 shares of the company’s stock worth $298,000 after acquiring an additional 14,892 shares in the last quarter. Mariner LLC increased its stake in Aurora Innovation by 116.2% during the fourth quarter. Mariner LLC now owns 86,235 shares of the company’s stock worth $543,000 after acquiring an additional 46,346 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its position in Aurora Innovation by 108.2% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 22,178 shares of the company’s stock valued at $140,000 after purchasing an additional 11,528 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Aurora Innovation by 3.5% in the 4th quarter. Ameritas Investment Partners Inc. now owns 98,238 shares of the company’s stock valued at $619,000 after purchasing an additional 3,360 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.