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

Aurora Innovation, Inc. (NASDAQ:AUR) has earned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.30.

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective for the company. The Goldman Sachs Group boosted 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. Finally, Evercore ISI increased their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th.

Aurora Innovation Stock Up 5.8 %

Shares of NASDAQ:AUR opened at $6.76 on Wednesday. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week high of $9.83. The company has a market cap of $11.62 billion, a PE ratio of -13.80 and a beta of 2.85. The company’s 50-day moving average price is $6.87 and its 200 day moving average price is $5.61.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, 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 is accessible through this hyperlink. Also, Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the transaction, the director now owns 26,892 shares of the company’s stock, 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 8,776,667 shares of company stock valued at $48,432,337 over the last ninety days. Insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several large investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after buying an additional 4,955 shares in the last quarter. Profund Advisors LLC acquired a new stake in Aurora Innovation during the 2nd quarter worth about $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in Aurora Innovation during the 2nd quarter valued at about $51,000. Souders Financial Advisors acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at about $59,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation in the third quarter worth approximately $60,000. 44.71% of the stock is 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.