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

Aurora Innovation, Inc. (NASDAQ:AUR) has been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.30.

AUR has been the topic of several recent research reports. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. TD Cowen lifted their price objective 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. The Goldman Sachs Group increased their target price 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. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Finally, Cantor Fitzgerald initiated coverage on Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock.

Insider Buying and Selling

In related news, Director Gloria R. Boyland sold 30,000 shares of the firm’s 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 owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the transaction, the director now owns 382,425 shares of the company’s stock, valued at $2,133,931.50. This represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last three months. 13.83% of the stock is owned by corporate insiders.

Institutional Trading of Aurora Innovation

Large investors have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC boosted its holdings in shares of Aurora Innovation by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock worth $859,000 after acquiring an additional 4,154 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Aurora Innovation by 57.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,796,952 shares of the company’s stock valued at $30,221,000 after buying an additional 1,753,757 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Aurora Innovation in the fourth quarter valued at about $90,000. Yousif Capital Management LLC bought a new stake in Aurora Innovation during the 4th quarter worth about $65,000. Finally, GPS Wealth Strategies Group LLC increased its position in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after acquiring an additional 4,955 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Price Performance

Shares of AUR stock 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 stock’s 50-day moving average is $6.87 and its two-hundred day moving average is $5.61. The firm has a market cap of $11.62 billion, a P/E ratio of -13.80 and a beta of 2.85.

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.