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

Key Points

• Aurora Innovation has received a consensus recommendation of "Hold" from ten brokerages, with one sell rating, four hold ratings, and five buy ratings.
• The average 12-month price target for the stock among updated brokerages is $10.75.
• Insider sales included Director Brittany Bagley selling 50,000 shares at an average price of $5.39, reflecting a significant decrease in her position.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.75.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a report on Saturday, September 27th.

Insider Activity

In related news, Director Brittany Bagley sold 50,000 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John J. Donahoe purchased 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the transaction, the director directly owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.85% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in AUR. GAMMA Investing LLC increased its position in Aurora Innovation by 1,562.9% in the 1st quarter. GAMMA Investing LLC now owns 39,826 shares of the company's stock valued at $268,000 after acquiring an additional 37,431 shares during the period. Rhumbline Advisers increased its position in Aurora Innovation by 1.8% in the 1st quarter. Rhumbline Advisers now owns 1,410,036 shares of the company's stock valued at $9,482,000 after acquiring an additional 24,584 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at about $32,000. Handelsbanken Fonder AB increased its position in Aurora Innovation by 8.3% during the 1st quarter. Handelsbanken Fonder AB now owns 259,600 shares of the company's stock worth $1,746,000 after purchasing an additional 20,000 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its position in Aurora Innovation by 229.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 23,046 shares of the company's stock worth $155,000 after purchasing an additional 16,041 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $5.39 on Monday. Aurora Innovation has a fifty-two week low of $4.75 and a fifty-two week high of $10.77. The company has a market capitalization of $9.95 billion, a P/E ratio of -11.47 and a beta of 2.45. The stock has a 50-day simple moving average of $5.87 and a 200-day simple moving average of $6.09.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. As a group, analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current year.

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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