Aurora Innovation (NASDAQ:AUR) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Aurora Innovation (NASDAQ:AUR) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The firm issued an overweight rating and a $10.00 target price on the stock. Cantor Fitzgerald also issued estimates for Aurora Innovation’s FY2024 earnings at ($0.47) EPS.

Other equities analysts also recently issued reports about the stock. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. The Goldman Sachs Group upped their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Finally, TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.70.

Aurora Innovation Trading Down 0.1 %

Shares of Aurora Innovation stock opened at $7.36 on Tuesday. The firm has a market capitalization of $12.65 billion, a P/E ratio of -15.02 and a beta of 2.86. The business’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $4.56. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $8.05.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 537,837 shares of Aurora Innovation stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the sale, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at $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 over the last three months. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

A number of large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Aurora Innovation in the second quarter worth $30,000. Profund Advisors LLC bought a new position in shares of Aurora Innovation during the 2nd quarter valued at about $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter valued at about $51,000. Nisa Investment Advisors LLC lifted its position in Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after buying an additional 4,702 shares during the last quarter. Finally, Diversified Portfolios Inc. purchased a new stake in Aurora Innovation in the second quarter worth approximately $54,000. 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.