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

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.30.

A number of analysts recently weighed in on AUR shares. Cantor Fitzgerald started coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price for the company. Evercore ISI boosted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen boosted 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. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th.

Insider Activity at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares in the company, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,882,793 shares of company stock worth $21,305,724 over the last quarter. 13.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AUR. ARK Investment Management LLC raised its stake in shares of Aurora Innovation by 14.9% in the fourth quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock worth $15,198,000 after buying an additional 312,144 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in shares of Aurora Innovation by 12.6% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 225,200 shares of the company’s stock worth $1,419,000 after purchasing an additional 25,200 shares during the period. Winebrenner Capital Management LLC purchased a new position in shares of Aurora Innovation in the 4th quarter worth approximately $70,000. Handelsbanken Fonder AB boosted its holdings in shares of Aurora Innovation by 43.3% in the 4th quarter. Handelsbanken Fonder AB now owns 239,600 shares of the company’s stock worth $1,509,000 after purchasing an additional 72,400 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Aurora Innovation by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock worth $224,000 after acquiring an additional 1,723 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Up 1.8 %

Shares of NASDAQ AUR opened at $6.91 on Wednesday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $9.83. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of -14.10 and a beta of 2.85. The business has a 50-day moving average of $6.93 and a 200-day moving average of $5.69.

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.