Aurora Innovation (NASDAQ:AUR) Now Covered by Analysts at Wolfe Research

Wolfe Research began coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a peer perform rating on the stock.

A number of other equities analysts have also recently weighed in on AUR. TD Cowen upped 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. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. 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, Evercore ISI boosted 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and an average target price of $4.63.

Aurora Innovation Trading Up 7.3 %

Shares of AUR opened at $6.49 on Tuesday. The firm has a market cap of $11.15 billion, a P/E ratio of -13.24 and a beta of 2.82. Aurora Innovation has a 12 month low of $2.06 and a 12 month high of $7.01. The stock’s 50 day moving average is $5.86 and its two-hundred day moving average is $4.27.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reid Hoffman sold 447,046 shares of Aurora Innovation 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 completion of the sale, the director now owns 26,892 shares in the company, valued at $135,535.68. This represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. Corporate insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Aurora Innovation during the 2nd quarter worth $30,000. Profund Advisors LLC acquired a new stake in Aurora Innovation during the 2nd quarter worth $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation in the second quarter valued at $51,000. Nisa Investment Advisors LLC boosted its stake in Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after acquiring an additional 4,702 shares in the last quarter. Finally, Diversified Portfolios Inc. purchased a new position in shares of Aurora Innovation during the second quarter worth about $54,000. 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.