Aurora Innovation, Inc. (NASDAQ:AUR) Given Average Rating of "Moderate Buy" by Analysts

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.75.

A number of research firms recently issued reports on AUR. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Morgan Stanley began coverage on shares of Aurora Innovation in a research note on Monday, March 3rd. They issued an "overweight" rating and a $12.00 price target for the company. Oppenheimer began coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price target for the company. Needham & Company LLC increased their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd.

Aurora Innovation Trading Down 4.3%

Shares of NASDAQ:AUR opened at $5.17 on Friday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of -10.77 and a beta of 2.59. The company has a 50-day moving average price of $6.28 and a 200-day moving average price of $6.77. Aurora Innovation has a 12 month low of $2.67 and a 12 month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, research analysts forecast that Aurora Innovation will post -0.49 EPS for the current fiscal year.

Insider Activity

In other news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director now owns 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.85% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toyota Motor Corp bought a new position in Aurora Innovation during the fourth quarter valued at approximately $298,294,000. Uber Technologies Inc bought a new position in Aurora Innovation in the fourth quarter worth approximately $2,053,632,000. Cornerstone Wealth Management LLC raised its position in Aurora Innovation by 153.3% in the first quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock worth $1,247,000 after acquiring an additional 112,237 shares during the period. Lightspeed Management Company L.L.C. bought a new position in Aurora Innovation in the fourth quarter worth approximately $74,003,000. Finally, Vanguard Group Inc. raised its position in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company's stock worth $712,029,000 after acquiring an additional 2,687,191 shares during the period. 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.

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