Aurora Innovation, Inc. (NASDAQ:AUR) Stock Has Average Price Target of $12.56

by · The Markets Daily

Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) has earned an average rating of “Moderate Buy” from the twelve ratings firms 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 eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.56.

A number of analysts recently weighed in on AUR shares. Oppenheimer increased their price target on shares of Aurora Innovation from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. The Goldman Sachs Group lowered their price objective on shares of Aurora Innovation from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Cantor Fitzgerald dropped their price objective on shares of Aurora Innovation from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, Needham & Company LLC decreased their target price on shares of Aurora Innovation from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, October 29th.

Check Out Our Latest Research Report on AUR

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ascent Wealth Partners LLC raised its stake in shares of Aurora Innovation by 9.6% during the first quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock worth $65,000 after purchasing an additional 1,389 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Aurora Innovation by 0.5% during the second quarter. Arizona State Retirement System now owns 330,647 shares of the company’s stock worth $2,255,000 after purchasing an additional 1,738 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Aurora Innovation by 16.2% during the second quarter. Concurrent Investment Advisors LLC now owns 13,212 shares of the company’s stock worth $90,000 after purchasing an additional 1,839 shares during the period. QRG Capital Management Inc. grew its position in Aurora Innovation by 13.9% in the 2nd quarter. QRG Capital Management Inc. now owns 15,528 shares of the company’s stock valued at $106,000 after buying an additional 1,891 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in Aurora Innovation by 15.4% in the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $62,000 after buying an additional 2,000 shares during the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Down 5.4%

AUR opened at $4.35 on Tuesday. Aurora Innovation has a 52 week low of $3.60 and a 52 week high of $8.56. The business’s 50 day moving average is $5.44 and its two-hundred day moving average is $5.60.

Aurora Innovation (NASDAQ:AUR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $3.00 million during the quarter, compared to the consensus estimate of $2.99 million. Aurora Innovation had a negative return on equity of 48.39% and a negative net margin of 13,328.57%. The firm’s revenue was up 200.0% compared to the same quarter last year. Sell-side analysts forecast that Aurora Innovation will post -0.48 EPS for the current year.

Aurora Innovation Company Profile

(Get Free Report)

Aurora Innovation, Inc. develops autonomous vehicle technology through its Aurora Driver platform, which combines self-driving software, sensors and computing hardware. The system is designed for use in commercial trucking and passenger mobility applications. Founded in 2017 by Chris Urmson, Sterling Anderson and Drew Bagnell, the company is headquartered in Pittsburgh, Pennsylvania. Aurora has focused on autonomous freight transportation in the United States, including development and testing of self-driving truck operations.

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