Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.75.

Several research firms have recently commented on AUR. The Goldman Sachs Group raised their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Needham & Company LLC boosted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group boosted their price target on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the transaction, the director owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.85% of the stock is owned by company insiders.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the 1st quarter worth approximately $32,000. Signaturefd LLC boosted its stake in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after buying an additional 6,264 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Price Performance

Aurora Innovation stock traded down $0.10 during trading hours on Wednesday, reaching $6.42. The company had a trading volume of 9,846,691 shares, compared to its average volume of 24,308,052. The company has a 50-day moving average price of $5.73 and a 200 day moving average price of $6.57. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of -13.38 and a beta of 2.48. Aurora Innovation has a 12-month low of $3.25 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 for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, research analysts expect 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.